Vocab: Globalization

The spread of ideas, customs, and technologies from one people to another or the spread of cultural traits from one culture to another.

What does this acronym mean - NAFTA?

The practice of sending work to external companies in order to save money or increase efficiency

The total value of all goods and services produced within a nation in a particular year.

Development that balances the needs of people today with the need to preserve the environment for future generations.

Mutual dependence of countries on goods, resources, labor, and knowledge from other parts of the world.

International organization created to facilitate global trade.

Company with branches in many countries.

The process by which national economies, politics, cultures, and societies are closely linked with those of other nations around the world.