Globalization

Front

Increasing interdependence of nations and peoples across the globe.

Back

Globalization

Front

The exchange of goods and services by sale or barter driven by the need for resources.

Back

Trade

Front

Sending goods to another country to sell.

Back

export

Front

Bringing goods in from another country to sell.

Back

import

Front

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

Back

Free Trade

Front

Products meant to satisfy the wants and needs of buyers.

Back

Goods

Front

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

Back

Multinational Corporation

Front

The development of a worldwide economy where resources flow fairly freely across borders.

Back

Globalization

Front

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

Back

Recession

Front

three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States

Back

NAFTA