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Globalization vocab words.


growth to a global or worldwide scale


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.


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


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


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


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


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


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

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