Globalization Academic Vocabulary

What is the term for the condition in which countries have strong economic ties and depend on each other for resources, technology, trade, and investment?

• Economic Interdependence

• Isolationism

• Autarky

• Protectionism

What is the term for a tax on goods that cross country borders?

• Tariff

• Subsidy

• Quota

• Excise tax

What is the term for an official ban on trade or other commercial activity with a particular country?

• Embargo

• Tariff

• Quota

• Subsidy

What is the term for a large company that has operations in more than one country?

• Multinational corporations

• Local businesses

• Sole proprietorships

• Non-profit organizations

What is the term for the way people or things are spread out over an area or a space; also the way resources, power, or goods are divided among people or groups?

• Distribution

• Migration

• Concentration

• Segregation

What is the term for being found or living in a city?

• Urban

• Rural

• Suburban

• Remote

Fill in the blank: __________ is the exchange of capital, goods, and services across international borders or territories.

• International Trade

• Domestic Trade

• Barter System

• Local Commerce