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INTB 3354 Exam One G
Term | Definition |
---|---|
Globalization | The ongoing process that deepens and broadens the relationships and interdependence among countries. It's also the integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people. |
Foreign Domestic Investment (FDI) | Where an investor takes a controlling interest in a foreign company |
Multinational Enterprise (MNE) | Any company with foreign direct investments is known |
Individualism | a democracy-related primacy of the rights and role of the individual |
Collectivism | The primacy of the rights and role of the community |
Totalitarian System | subordinates the individual |