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| A world-wide demographic of consumers. Demonstrates how despite living in different areas and cultures they're needs for the same high quality goods/services are the same |
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| the spread of economic downturn through countries. One bad trade has many bad repercussions. Shows the importance of the global economy as a whole |
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| Beer company that has produced a standardized beer for years. Company has successfully taken the standardization approach to globalization. Quality controllers test beer to assure it is in standard for the company |
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| Adapts to the demands of their different markets by changing formula to meat countries regulations. Will enter emerging/new markets early (i.e. Berlin Wall giveaway) to establish their brand |
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| Ethiopian Commodities Exchange. Est. by Eleni Medhin. Was a large step in the development of Ethiopia to try and help the country reach their take-off point economically. |
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| Term started by Walt Whitman Rastow who theorized about the development trajectory of a nation. The take-off point where economies convert from traditional (agrarian,primitive) to modern economies(manufacturing,services) |
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| A type of trade barrier barring trade with a country. Typically used as a political weapon. Demonstrates the importance of international trade. |
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| Treaty in 1993 that lead to the formation of the EU. Started the EU as a common market which evolved into a monetary union as well as political union |
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| Celebrity involvement in aid. Ex. Live Aid. Celebrities lack credentials but still act as advisors for aid |
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| Recent surges in commodity prices have increased export revenue. Market policies have kept inflation down. Political strides: increase in democratic elections, less corruption, less wars |
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| Aid that goes to govts. on a regular basis. Since flow of aid has become normal, countries now expect it like an addiction. |
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| Aid plan that was designed to re-build post-war Europe. Highly successful. Funds were given only for a limited amount of time. |
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| Rules for the aid to be given. However, 85% of conditionalities are never followed, yet aid continues. |
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| People are growing tired of giving. Americans have become more concerned with continued aid than with threat of nuclear war |
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| Bank in Bangladesh that specialized in micro-finance and micro-loans. Worked on a system of trust as collateral. if one person in a community defaulted on a loan the whole community was cut off. Community would pull together to make payments |
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| Transfers of money by a foreign worker to his/her home country. Much more money now entering countries in form of remittances |
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| Nigerian/Ogoni, environmentalist and writer. Started MOSOP, was executed after unfair trial for inciting riot which killed 4 people |
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| Movement for the Survival of the Ogoni People. Started by Ken Saro-Wiwa to protest the actions of Shell in Ogoniland |
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| Corporate Social Responsibility. The expectation for corporations to give back to the communities in which it is involved. Long-term financial benefits have followed |
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| a loose involvement in CSR without a true agenda for improvement, i.e. going green. Has become trendy and popular, it is what's expected now. |
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