Unit 11 Vocab.

Front

The rapid rise and subsequent collapse of internet-based companies in the late 1990s.

Back

The dot-com bubble.

Front

Fear of widespread computer malfunctions due to the change in the millennium.

Back

Y2K crisis

Front

The practice of obtaining goods or services from an outside supplier.

Back

Outsourcing

Front

The era characterized by rapid advancements in information and communication technologies.

Back

Information Age

Front

North American Free Trade Agreement; allows open trade with US, Mexico, and Canada.

Back

North American Free Trade Agreement (NAFTA)

Front

The process of interaction and integration among people, companies, and governments worldwide.

Back

Globalization

Front

An organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management.

Back

Multinational Corporation (MNC)

Front

Make (a company or organization) smaller by eliminating staff positions.

Back

Downsizing

Front

A process of converting an urban neighborhood from a predominantly low-income renter-occupied area to a predominantly middle-class owner-occupied area.

Back

Gentrification

Front

A migration of people from cities to the surrounding suburbs.

Back

Urban Flight