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Globalization

Word List with 19 words
By Dictionary.com

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Words in This List

globalization

To extend to other or all parts of the globe; make worldwide, especially in culture, people and economics.

21st century

The current century, having begun on January 1, 2001.

interdependent

Mutually dependent, depending on each other; globalization means increased financial interdependency.

modern

Of or pertaining to present and recent time; not ancient or remote.

industrialization

To introduce industry into (an area) on a large scale.

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institution

An organization, establishment, foundation, society, or the like, devoted to the promotion of a particular cause or program; global institutionalization laid the foundations for globalization.

brain drain

A loss of trained professional personnel to another company, nation, etc., that offers greater opportunity.

outsourcing

(of a company or organization) to purchase (goods) or subcontract (services) from an outside supplier, source or country.

World Bank

An international bank established in 1944 to help member nations reconstruct and develop, especially by guaranteeing loans: a specialized agency of the United Nations.

trade

The act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

lingua franca

Any language that is widely used as a means of communication among speakers of other languages.

NAFTA

North American Free Trade Agreement.

European Union

An association of European nations formed in 1993 for the purpose of achieving political and economic integration.

A summit created by France in 1975,[1] for the governments of seven major economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

World Trade Organization

Also known as WTO; an organization that intends to supervise and liberalize international trade.

international

Between or among nations; involving two or more nations.

tourism

The activity or practice of touring especially for pleasure.

developing nations

A nation with a low level of material well-being.

climage change

A significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.