Unit 5 AP COMP vocab

deepening of connection between everything around the world (politics, economy, culture, etc)

• Globalization

• Economic Liberalization

• Economic Globalization

• Global Markets

the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; also called neoliberalism / free trade

• Globalization

• Economic Liberalization

• Economic Globalization

• Global Markets

the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies

• Globalization

• Economic Liberalization

• Economic Globalization

• Global Markets

where goods, services, and labor are exchanged throughout the entire world

• Globalization

• Economic Liberalization

• Economic Globalization

• Global Markets

These are the factors that influence the direction of a market’s prices for goods and services without the involvement of the government

• market forces

• domestic

• foreign direct investment

• backlash

within a country

• market forces

• domestic

• foreign direct investment

• backlash

This is an investment made by an organization or individual in a different country from theirs; can take different forms, ie capital, building factories etc.

• market forces

• domestic

• foreign direct investment

• backlash

This is a strong sudden adverse reaction

• market forces

• domestic

• foreign direct investment

• backlash

The decrease in purchasing power of a currency resulting in increase in prices of goods and services.

• inflation

• exacerbation

• market fluctuations

• austerity measures

• rentier state

to make worse

• inflation

• exacerbation

• market fluctuations

• austerity measures

• rentier state