loss of social stability due to change, social dislocation, total production worldwide, global output, operating across national borders, transnational, above national governments, supranational, reduction of trade restrictions, trade liberalisation, taxes or limits that reduce imports, trade barriers, a global body that regulates trade, World Trade Organization (WTO), selling goods abroad below normal prices, dumping, conflict using trade restrictions, trade war, an organisation that supports financial stability, International Monetary Fund (IMF), an organisation that funds development projects, World Bank, group of seven major advanced economies, G7, group of major world economies, G20, an international organisation for peace and cooperation, United Nations (UN), a military alliance for collective defence, North Atlantic Treaty Organisation (NATO), worldwide digital and transport connections, global connectivity, how geography affects political power, geopolitics, spread of one culture dominating others, cultural imperialism, adoption of Western culture and values, westernisation, adapting global products to local needs, glocalisation, mixing of different cultures, cultural hybridisation, a tax on imported goods, duty, a tax added to stop unfair low pricing, anti-dumping duty, across the whole country, nationwide, across the whole world, worldwide

Globalisation Flashcards_04

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