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12 terms

Soc. Stud. Globalization

Globalization vocab words.
STUDY
PLAY
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