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global American company named for the Greek goddess of victory

Philip Knight

creator of Nike, had ideas to import shoes from Japan to cut costs, 1960s

Global Exchange

global system of market, financial, and commodity exchange

Corporate Responsibility

ex: when US college students started to question where their Nike gear came from--changed things

Fair Trade


Fair Labor Association


Export Processing Zones

small areas within which especially favorable investment and trading conditions are created by governments in order to attract export-oriented industries


principle for mass production based on assembly-line techniques, scientific management, mass consumption based on higher wages, and sophisticated advertising techniques

Foreign Direct Investment

total of overseas business investments made by private companies



Creative Destruction

the withdrawal of investments from activities and regions that yield low rates of profit in order to reinvest in new activities

Debt Trap

syndrome of always having to borrow in order to fund development


a relative decline in industrial employment in core regions


high level of reliance by a country on foreign enterprises, investment, or technology

Ecological Footprint

measure of the human pressures on the natural environment from the consumption of renewable resources and the production of pollution indicating how much space a population needs compared to what is available


estimate of the total value of all materials, foodstuffs, goods, and services produced bu a country in a given year


(gross nat'l income) similar to GDP, but also includes the value of income from abroad

Import Substitution

process by which domestic producers provide goods or services that formerly were bought from foreign producers

Int'l Division of Labor

specialization, by countries, in particular products for export

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