Chpt. 36, Globalization and Resistance Flashcards Preview

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Flashcards in Chpt. 36, Globalization and Resistance Deck (3)
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1
Q

globalization

A

The increasing interconnectedness of all parts of the world, particularly in communication and commerce but also in culture and politics.

2
Q

multinational corporation (or just, “multinational”)

A

Powerful companies, mainly from the West or Pacific Rim, with production as well as distribution operations in many different countries. These surged in the decades after WW2.

3
Q

North American Free Trade Agreement (NAFTA)

A

An agreement that created a free trade zone among Mexico, Canada, and the US, in hopes of encouraging economic growth in all three nations. It went into effect after difficult negotiations on January 1, 1994.