Thursday, January 8, 2009

The Expansion of Economic Globalization

Gross Domestic Product- The total market value of all goods and services produced in one country in about 1 year

The World Trade Organization- An international agency that encourages trade between nations

Tariff-  a tax that is imposed on a product when that item is imported into a country

Subsidy- Financial aid given by the government to an individual or a group

The Group of Eight- It is a group of eight leading industrialized nations, which are, Canada, France, Germany, ITaly, Japan, Russia, United Kingdom, and the U.S.A. They meet to discuss economic policies. 

La Francophonie- a French-speaking person, especially in a region where two or more languages are spoken

Transnational Corporations-  a multinational corporations that operate in more than one country

No comments: