Unit 6 | Globalisation Vocabulary Words

buying and selling goods and services

• trade

• import

• export

• goods and services

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

What is globalization?

• The growth in understanding and relationships between all nations.

• The process of increased connection between countries. It is demonstrated through economics, politics and culture.

• The increase of borderless markets with no import and export tarrifs.

• The process of all nations and people becoming increasingly richer over time.

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

• International Trade

• Urban

• Multinational Corporation

• Economic Interdependence

What does this image show?

• Urban

• Rural

• The color green

• Open space

to bring a product into a country to be sold

• trade

• import

• export

• goods and services

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

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

• International Trade

• Urban

• Multinational Company

• Economic Interdependence

The interconnection of the world today is often referred to as ___________________________.

• Nationalism

• Communism

• Globalization

• Isolationism

Send (goods or services) to another country for sale.

• import

• export

• globalisation

• magic trick