Globalization!

Increasing interdependence of nations and peoples across the globe.

• Infrastructure

• Globalization

• Interdependence

• Specialization

Sending goods to another country to sell.

• import

• export

Bringing goods in from another country to sell.

• import

• export

According to CNN, the United States receives 80% of its avocados from Mexico. Mexico receives most of its auto parts from the United States. This is an example of the following.

• Interdependence

• Supply and demand

• Infrastructure

• Globalization

Products meant to satisfy the wants and needs of buyers.

• Goods

• Trade

• Commodity

• Outsourcing

A large company that has operations in more than one country.

• Domestic Corporation

• Multinational Corporation

• Foreign Corporation

• State Corporation

What are some negatives of globalization?

• Workers are exploited in sweatshops

• Pollution and deforestation

• Low wages for factory workers in Asia and Africa

• All of the answers are correct

What are some positives of globalization?

• Cheaper goods

• More jobs in developing countries

• Information is easy to access and it travels quickly

• All of the answers are correct

A period of temporary economic decline during which trade and industrial activity are reduced.

• World Bank

• Recession

• Embargo

• Pandemic

an official ban on trade or other commercial activity with a particular country.

• stop

• embargo

• barr

• tariff