Chapter 5

Understanding what globalization really means

What you need to learn


What our system of global trade & global development looks like and the changes we are experiencing.

Global Trade

complementary index

comparative advantage

tariffs

free-trade

trade deficit

neoliberalism

Neoliberal Trade Networks

World Trade Organization

International Monetary Fund

European Union (EU)

OPEC

NAFTA

Mercosur 

Development Patterns

economic restructuring

offshoring

outsourcing

economies of scale

international division of labor

deindustrialization

Shifts in Sectors & Production

special economic zones

free-trade zones

export processing zones

multiplier effect

fordism

post-fordism

just in time delivery

growth poles

global supply chain

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