This site is 100% ad supported. Please add an exception to adblock for this site.

The Global economy - eco

Terms

undefined, object
copy deck
EU
it has been known as the European Community and prior to that the European Economic Community
WTO
an organisation of 153 member countries that implements and advances global trade agreements and resolves trade disputes between nations
NAFTA
a free trade agreement between the United States, Canada and Mexico that has been in effect since 1994
Globalisation
the process of increased integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity
TNCs
an important development that has contributed to trade flows
Global economy
the sum of the interactions between the economies of individual countries that are now increasingly linked together into one economic unit
GATT
was a multinational trade promotion process that began in 1947. The final round of GATT negotiations finished in 1993, and agreed to replace GATT with the WTO in 1995.
major indicators of integration
international trade flows, international financial flows, international investment flows and transfers of technology and the movement of workers between countries
TNCs
global companies that dominate global product and factor markets. They have production facilities in at least 2 countries and are owned by residents of at least 2 countries
Gross world product
the sum of total output of goods and services by all economies in the world over a period of time
EU
The association has recently expanded to include new members in Easter, Central and Southern Europe
APEC
a group of 21 Asia-Pacific nations including Australia that have an informal agreement to achieve free trade among its members by 2010 for developed economies and by 2020 for developing economies
TNCs
Microsoft, Shell, Sony and Ford
EU
an association of 27 European nations that began as a trading bloc establishing a common market for goods and services, capital and labour. The EU members have increasingly become economically and politically integrated.

Deck Info

14

permalink