Globalization Vocabulary Unit 2

The process by which the world is becoming increasingly interconnected as a result of increased trade and cultural exchange.

• Innovation

• Exploration

• Globalization

• Human Rights

This is the total value of the products and services sold in a country for one year?

• Gross Domestic Product Per Capita

• Gross Domestic Product (GDP)

• Globalization

• Unemployment Rate

This is cooperation between at least two countries to reduce trade barriers such as import quotas and tariffs in order to increase trade of goods and services with each other.

• GDP

• GDP Per Capita

• Tariff

• Free Trade Agreement

A tax on goods that cross country borders

• Tariff

• Import

• Export

• Free Trade Agreement

It divides the country's gross domestic product by its total population.

• GDP

• GDP Per Capita

• Free Trade Agreement

• Unemployment Rate

To send goods to another country for sale

• Export

• Import

• Unemployment Rate

• Literacy Rate

The development of a global, or worldwide, society in which people, money, information, and goods flow fairly freely across national borders. A more interconnected world.

• Free Trade Agreement

• Climate

• Tariff

• Globalization

The number of people in a given land area

• population density

• IMF

• immigration

• emmigration

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

• The UN

• NAFTA

• NATO

• IMF

Which are a positive effects of globalization?

• opening of new markets

• increased pollution

• loss of job in the US

• cheaper consumer goods

• higher standards of living in developing countries