Globalization

The process of creating an international network of trade, communication and culture.

• globalization

• recession

• NAFTA

• Multinatural cooperation

intergovernmental organization of 14 oil-exporting nations that coordinates and unifies the petroleum policies of its Member Countries.

• POCE

• ECOP

• PECO

• OPEC

three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States

• The UN

• NAFTA

• NATO

• IMF

A business with facilities in more than one country

• IMF

• World bank

• multinational corporation

• international corporation

#13 Which of the following has helped create a global economy in the present day?

• The use of high taxes for imports and exports
• Improvements in technology have made trade easier
• The creation of one form of currency (money) used to trade
• The success of the Communist governments in guiding trade

#9 - Which of the following international organizations has NOT helped promote globalization?

• World Bank
• League of Nations
• World Trade Organization
• International Monetary Fund

The process of nation-states organizing politically and economically into one organization or alliance

• Balkanization

• Devolution

• Political-territorial units

• Multi-national organizations

• Supranationalism

Switzerland is classified as a member of the

• Schengen Area

• European Union

• European Economic Area

• United Nations

• NAFTA

Central American Common Market (CACM), trade organization envisioned by a 1960 treaty between Guatemala, Honduras, Nicaragua, and El Salvador. The treaty established (1961) a secretariat for Central American economic integration, which Costa Rica joined in 1963; Panama now has observer status in some areas.

This would considered which of the following?

• Devolution

• Balkanization

• Supranationalism

• Autonomous Regions

• Central American Treaty

Which are results of devolution?

• The formation of new states

• State sovereignty ruled by federal gov't

• Political & economic stability

• Influx of refugees

• Loss of identity