Globalization & Its Problems

A formal agreement among the governments of the U.S., Canada, and Mexico to form a free trade zone in North America and eliminate taxes on the buying and selling of each other’s products

• North American Free Trade Agreement

• North Atlantic Treaty Organization

• World Trade Organization

• World Bank

A group of 30 countries that has agreed to protect each other in case of attack; founded in 1949

• North American Free Trade Agreement

• North Atlantic Treaty Organization

• United Nations

• World Trade Organization

An organization founded in 1943 to keep the peace, develop friendly relationships among counties, and improve the quality of life for the world’s poor people; consists of 193 member countries

• North Atlantic Treaty Organization

• International Court of Justice

• United Nations

• North American Free Trade Agreement

An international body founded in 1995 to promote international trade and economic development by reducing taxes and other restrictions

• United Nations

• North American Free Trade Agreement

• World Trade Organization

• World Bank

The interconnection of the world today is often referred to as

• Nationalism

• Communism

• Globalization

• Isolationism

What countries are a part of the North American Free Trade Agreement (NAFTA)

• United States

• Mexico

• Germany

• Canada

One disadvantage of outsourcing is

• Consumer goods cost more

• There is no way to communicate with the manufacturing counties

• More pollution is caused from the shipping of goods and materials

• There are many hidden costs that the consumer has to pay

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