Chapter 1 Vocabulary: Globalization Crossword

trend away from distinct national economic units and toward one huge global market
Moving away from an economic system in which national markets are distinct entities, isolated by trade barriers and barriers of distance, time and culture, and toward a system in which national markets are merging into one global market
Trend by individual firms to disperse parts of their production processes to different locations around the globe to take advantage of differences in cost and quality of factors of production
Inputs into the production process of a firm, including labor, management, land, capital, and technological know-how
International treaty that committed signatories to lower barriers to the free flow of goods across national borders and let to the wto
The organization that succeeded GATT as a result of the successful completion of the Uruguay Round of GATT negotiations
Often reffered to as the lender of last resort, the international monetary fund was set up to maintain order in the international monetary system
International institution set up by 44 nations to promote general economic development in the world's poorer nations, through investments in infrastructure and other initiatives
International organization made up of 193 countries, headquartered in New York City, formed in 1945 to promote peace, security and cooperation
Finance ministers and central bank goveneors of the 19 largest economies in the world, plus representatives from the european union and the european central bank
Process by which a firm exports goods or services to consumers in another country
direct investment in business operations in a foreign country
microprocessor power doubles and production costs drop by 50% every 18 months
the total accumulated value of foreign-ownedasstes at a given time
a firm that owns business operations in more than one country
any firm that engages in international trade or investment