A political and economic system where factors of production are collectively owned and directed by the state.
The changes that enable a country to compete effectively with the leading countries at a given time
economic system in which the means of production are privately owned and operated for profit
when people, businesses, regions, and/or nations concentrate on goods and services that they can produce better than anyone else
in Confucian thought, one of the virtues to be cultivated, a love and respect for one's parents and ancestors
the development of a worldwide society in which people, money, information, and goods flow freely across national borders
teh flow of goods and services across national borders, with little or no government control
a condition in which countries have strong economic ties and depend on each other for resources, technology, trade,and investment