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Globalization

International Relations Ch. 1

TermDefinition
EU (European Union) Economic alliance of major Western European nations that coordinate trade, immigration and labor policies, making its members one economic unit
globalization actions or processes that involve the entire world and result in making something world wide in scope
IGO (Intergovernmental Organization) for instance--OPEC-organization of petro exporting countries
IMF (International Monetary Fund) Monitors global financial developments, provides short term loans to countries, and provides tech advice and training
international relations the relationships among the world's state governments and their connections
MNC (Multi-National Corporation) a corporation that has businesses in at least one other country other than its own country
nationalism a strong feeling of pride in and devotion to one's country
NGO (private organizations) for instance--private organizations like Red Cross
North-South Gap the difference between rich and poor countries of the world
World Bank A specialized agency of the United Nations that makes loans to countries for economic development, trade promotion and debt consolidation
WTO (World Trade Organization) International organization formed in 95 to encourage the expansion of world trade
Created by: klbusteed