Unit 11 Vocab.

The rapid rise and subsequent collapse of internet-based companies in the late 1990s.

• The tech boom and decline.
• The internet revolution and recession.
• The dot-com bubble.

• The e-commerce surge and fall.

Fear of widespread computer malfunctions due to the change in the millennium.

• 21st century blues

• Millennium bug
• Year 2000 glitch
• Y2K crisis

The practice of obtaining goods or services from an outside supplier.

• Insourcing
• Subcontracting
• Direct procurement
• Outsourcing

The era characterized by rapid advancements in information and communication technologies.

• Industrial Revolution
• Information Age
• Digital Age
• Post-Modern Era

North American Free Trade Agreement; allows open trade with US, Mexico, and Canada.

• North American Free Trade Agreement (NAFTA)
• South American Free Trade Agreement (SAFTA)
• Trans-Pacific Partnership (TPP)
• European Union Trade Agreement

The process of interaction and integration among people, companies, and governments worldwide.

• Isolationism
• Globalization
• Protectionism
• Nationalism

An organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management.

• Multinational Corporation (MNC)
• Transnational Company
• Global Enterprise
• International Business

Make (a company or organization) smaller by eliminating staff positions.

• Consolidation
• Expansion
• Downsizing
• Outsourcing

A process of converting an urban neighborhood from a predominantly low-income renter-occupied area to a predominantly middle-class owner-occupied area.

• Gentrification
• Urban Renewal
• Suburban Expansion
• Affordable Housing Development

A migration of people from cities to the surrounding suburbs.

• Ruralization
• Urban Flight

• Urbanization
• Metropolitan Expansion