Soc. Stud. Globalization

12 terms by YummyGman

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Globalization vocab words.

globalization

growth to a global or worldwide scale

interdependence

mutuality: a reciprocal relation between interdependent entities, a view of a system as a whole.

standard of living

the degree of wealth and material comfort available to a person/community

traditional economies

economies based on custom and tradition/command, the decisions are based on the tradition of the community.

GDP

total value of goods produced, and services provided in a country during one year

GNP

total value of goods produced, and services produced by a country during one year

Privatization

denationalization: changing something from state to private ownership or control

Sustainable development

a pattern of resource use that aims to meet human needs while preserving the environment

Commodity

a raw material or primary agricultural product that can be bought and sold

Green revolution

a large increase in crop production in developing countries achieved by the use of fertilizers, pesticides, and high-yielding crops

Genocide

the deliberate killing of a large group of people, especially those of a particular ethnic group or nation.

Terrorism

The use of violence and intimidation in the pursuit of political aims

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