Disparity - the condition of being unequal or treated unequally, Global economic interdependence - it’s when companies and or countries are dependent to each other, Global village - everyone is connected by the internet and or technology, Transnational corporations - a company that operates in multiple countries, World Trade Organization - makes sure international trade runs smoothly and free, Bretton Woods Accord - a new set of rules for economic systems after WW2, World Bank - helps third world countries long term, IMF - helps third world countries short term, Global Warming results - ice caps melting, sea level rises, changes in temperature, more Co2., Kyoto Protocol - a protocol that tried to reduce greenhouse gas emissions, General Accord on Trade Tariffs - an organization whose goal is to promote international trade by reducing or removing tariffs or trade barriers., United Nations - an organization that is supposed to maintain international peace and security, and develop friendly relations among nations, and serve as the center for harmonizing the actions of nations, Great Depression - it’s when stock markets crashed and everyone lost their money that were in the banks, John Maynard Keynes - wanted more government intervention and spending., F A Hayek - wanted less government intervention and spending., Outsourcing - the act of hiring someone from other company or country because it’s cheaper, or their skills are better, Fair Trade - both parties are benefited, everyone is being paid properly, and no one is being exploited, Free Trade - everyone can trade with no trade tariffs., Sustainability - the process of being able to sustain yourself, an economy, environment, etc, NAFTA - it was meant to liberalize trade between the U.S, Mexico, and Canada and eliminate trade tariffs and barriers, Economic sanctions - when a country refuse to trade because that country has broken a rule or doesn’t abide by it, NGO - No government organization (charity), GNH - Gross national happiness, how happy people in a country are, GDP - Gross Domestic Product, the amount of money a country’s economy has, HDI - Human Development Index, life expectancy, standard of living, health, etc, Privatization - when you buy a comapny or business that was previously government owned, Protectionism - when you add trade tariffs to restrict goods from being imported, Subsidization - when you pay a private business to make money, Human rights violations - the act of violating human rights (slavery, torture, forced labor, etc),

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