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Globalization
Globalization Vocab Words
7
Economics
9th Grade
04/24/2012

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Term
Devloped Nation
Definition
nation with the industrialization, transportation, and business facilities for advanced production of manufactured goods
Term
Emerging Nation
Definition
nation in the process of becoming industrialized
Term
Global Economy
Definition
all the financial interactions-among people, businesses, and governments-that cross international borders
Term
Free Trade
Definition
the elimination of trade barriers, such as tariffs, among nations
Term
Tariff
Definition
a tax on goods imported from another country
Term
Ozone Layer
Definition
our main protection against the Sun's damaging ultraviolet rays
Term
Sustainable Growth
Definition
meeting current economic needs while ensuring the preservation of the environment and the conservation of resources for future generations
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