Term
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Definition
| integration of finance, markets and technology to make the world seem smaller |
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Term
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Definition
World Trade Organization
1. 1995, 23 GATT countries
2. a. conference (ministers) every 2 years
b. general council (experts and bureaucrats)
c. director general (appointed by ministers)
3. 153 members |
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Term
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Definition
Use of common area that becomes too overused and therefore becomes tragedy.
1. free riders: user of the land for self-interest and at other's expenses
2. Soroos: English pasture |
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Term
| Double edged nature of Identity |
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Definition
1. need "out" groups to make unity
2. but causes discrimination |
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Term
| Organization for African Unity |
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Definition
1963, response to de-colonization
1. respect current boundaries
2. eventual political unity
3. stay neutral during CW |
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Term
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Definition
ability of a company to send labor elsewhere for cheaper labor and more profits
1. winners: consumers, businesses, stockholders
losers: workers losing jobs |
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Term
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Definition
Global agreement on Tariffs and Trade
1. 1948, 23 countries
2. cause by Smoot-Hawley tariff (1930, stock market crash)
3. commerical treaty, NOT organization
4. lead to WTO |
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