Social Review Flashcards

1
Q

Global Village

A

The idea that the entire world and its inhabitants are becoming one large community interconnected by technology.

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2
Q

Bretton Woods

A

Created the International Monetary Fund, the establishment of rules.

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3
Q

Maquiladoras

A

Factories tariff-free, processing and manufacturing then exporting finished goods.

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4
Q

Primary

A

Level in which the process of raw goods.

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5
Q

Secondary

A

Level in which manufacturing.

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6
Q

Tertiary

A

Level of services.

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7
Q

Quaternary

A

The level where technology is made ad used.

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8
Q

Quaternary

A

A level where technology is made ad used.

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9
Q

Urbanization

A

Moving from rural to urban areas to increase towns and cities.

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10
Q

Human Development Index

A

Measurement of social and economical development in a country.

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11
Q

European Union

A

the biggest and most powerful common market.

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12
Q

Keynes

A

Believed that unrestricted capitalism caused wars, unemployment and communism.

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13
Q

Hayek

A

Didn’t trust government control and believed supply and demand, valued free trade.

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14
Q

Friedman

A

Less government control, more free markets.

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15
Q

World Trade Organization

A

International organization that works on improving trade relations.

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16
Q

Homogenization

A

The process of making things uniform or similar, tren of uniformity.

17
Q

Free trade

A

Allowing importing and exporting without any tariffs placed on goods.

18
Q

North American Free Trade Agreement

A

Canada, U.S.A, Mexico - Improve trade by removing tariffs.

19
Q

Maquiladoras

A

Factories tariff-free, processing and manufacturing are then exporting finished goods.

20
Q

Flag of convience

A

A flag waved around in an area the is not the country of the owner.

21
Q

Outsourcing

A

Hiring another company, usually from another area to do certain jobs.

22
Q

Containerization

A

Using shipping containers to export and import goods.

23
Q

International Monetary Fund

A

Works with World Bank to bring stability to affairs and expand world trade.

24
Q

Four Forces of Global Economics

A

Transportation, trade, technology, and media.

25
Q

Hybridization

A

Blending media and communications technology resulting in new modes of expression and cross-cultural consumption.

26
Q

Globalization

A

Process of making the world more interdependent economically, socially, politically, environmentally, and technologically.

27
Q

Media concentration/convergence

A

Merges of media transnationals that result in a concentration of ownership

28
Q

Interdependence

A

The dependence of two or more people or things on each other.

29
Q

Transnationals

A

Corporations that operate in two or more countries.

30
Q

Cultural mosaic

A

Variety of culture and identity.

31
Q

Democracy

A

Political system in which the law applies equally to everyone.

32
Q

Traditions

A

Customs of family or culture.