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

Sending goods to another country to sell

Bringing goods in from another country to sell

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).

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

What are some negatives of globalization?

Globalization has brought economic growth to many developing countries.  This has meant jobs for millions of people.  It has also increased “_________ ___________” among countries.

Free trade means?

This International Organization help the least developed countries by stabilizing currency

Economies of the world due to the development of global trade networks and transportation and communication systems

Globalization has the largest effect on

Globalization has led nations to join trade organizations in order to

In which economic system do private individuals control the economy?

A poorer country with a less advanced economy. In general, developing countries are trying to increase their industries and improve life for their people.

A tax imposed on imports to increase their price and thus reduce competition with domestic products

which economic system is the economy COMPLETELY controlled by the government?

The process of converting a business or industry from government ownership to private ownership is

The process of reducing barriers to trade

A system in which A system in which government does not intervene (or intervenes only minimally) in the production and control of goods and services

Dimension of globalization that refers to the expansion of trade globally and the interdependence of the economies of the world due to the development of global trade