Unit 1 "The Rest Vs. The West" Flashcards
Exports
Sending goods to another country to trade and sell
Imports
Bringing goods/ products into a country to trade and sell
Literacy
One’s ability to read and write
Globalization
Act, process, or policy of making something worldwide in scope or application
Outsourcing
Shift of jobs from one country to another generally for a lower labor price
MNC
Multi-National Corporation, businesses with branches in several nations around the world
Interdependence
The reliance of countries on goods, resources and ideas from other countries
European Union
Economic, scientific, and political organization consisting of Belgium, France, Italy, Luxembourg, Netherlands, Germany, Denmark, Greece, Ireland, UK, Spain, Portugal, Austria, Finland, Sweden, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovenia, Bulgaria, & Romania
Internet
An electronic communications network that connects computers networks and organizational computer facilities around the world
Life Expectancy
The average life span of an individual
Pollution
The action of polluting especially by environmental contamination with man-made waste
Conservation
Planned management of a natural resource to prevent exploitation, destruction, or neglect
One Child Policy
The population control policy of the People’s Republic of China
Immigration
To come into a country of which one is not a native for permanent residence
Emigration
To leave one’s place of residence or country to live elsewhere
