brain drain - the loss of highly-skilled workers from one country to another, often due to better job opportunities or working conditions, capital - money or other assets owned by an individual or business, cargo - goods being transported by train, ship or other vehicle, commodity - a raw material or primary agricultural product that can be bought and sold worldwide, such as copper or coffee, cultural homogenization - the process by which local cultures are replaced by a standardized global culture, often driven by the influence of Western media and consumerism, developing country - a country with poor living standards where there is little economic or industrial activity, economic interdependence - when countries rely on each other for economic growth and stability, equity - a concept that promotes fairness in the distribution of wealth, income and opportunities, gross domestic product - the total value of all goods produced and services provided by a country during one year, International Monetary Fund - an international organization claiming to promote global cooperation, financial stability, international trade, high employment, sustainable economic growth, and reduced poverty around the world, multinational corporation - a company that operates in multiple countries, progress - a process of improving towards a more advanced state, regulations - government-imposed rules that exercise price controls and limit who can enter a business transaction, sustainable development - economic growth that balances the needs of the present with the ability of future generations to meet their own needs, global supply chain - the network of suppliers, manufacturers, distributors and retailers that work together to produce and distribute goods on a global scale, global citizen - an individual who identifies with a broader, global community and recognizes his or her responsibility to address global challenges,

Globalization

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