Term
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Definition
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Term
| What was the breaking down of traditional boundaries? |
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Definition
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Term
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Definition
| Financial and Cultural trends |
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Term
| What three things helped connect people more than ever? |
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Definition
Transportation
Communication
Imperialism |
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Term
| Free trade was trade occurring without what two things? |
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Definition
| Any Constraints or Imperial limits |
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Term
| What are Global corporations? |
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Definition
| Have a small headquarters, multiple sites around the world and low operating costs (Nike, Nestle) |
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Term
| What do they not have to pay? |
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Definition
| Taxes or minimum wages for other countries |
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Term
| How did an "economic miracle" occur in Japan? |
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Definition
| They began exporting electronics and motor vehicles |
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Term
| What were the "four little Tigers?" |
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Definition
South Korea
Hong Kong
Singapore
Taiwan |
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Term
| What happened to the "Pacific Rim economies?" |
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Definition
| They have been in an economic "downturn" since 1997 |
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Term
| What are the nations that united to take advantage of the world market? |
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Definition
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Term
| What is the oil cartel formed in 1960? |
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Definition
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Term
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Definition
| Most of the worlds oil production |
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