International Organizations Global Trade Rivoli Miscellaneous Miscellaneous
100
What is the Bretton Woods Institutions
The Organizations created near the end of WWII to support the redevelopment of Europe and the creation of a global economic architecture to promote stability.
100
What is a tariff?
A tax imposed on imported goods
100
What is the Bracero Program?
A program that allowed the short-term import of workers from Central America for agricultural purposes.
100
What is the Triangle Shirtwaist Company
The Tragic fire that killed hundreds of textile workers in Lower Manhattan.
100
What is McDonald's?
The Jamaican fast-food restaurant.
200
What is the IMF
An international organization whose main mission is to promote global financial stability.
200
What is a subsidy?
Aid in the form of money, price controls, or tariffs provided to domestic producers.
200
What is the Hukou System?
A legal system that restricts internal movement in China. One's registration status affects the resources available.
200
What is Sharecropping?
A system where a tenant is allowed to farm land in exchange for a portion of the harvest.
200
What are bananas?
Jamaica's top agricultural export
300
What is the World Bank
An international organization whose main mission is to reduce global poverty and promote economic development
300
What is protectionism?
An economic strategy designed to promote domestic industries from external competition.
300
What is a monopsony?
Where there is only one buyer of a given product.
300
What is Austerity?
An series of economic policies designed to limit public spending.
300
What is "devalue currency?"
The financial prescription mandated by the IMF and the Inter-American Development Bank.
400
What is WTO
An international organization whose main mission is to promote free trade.
400
What is an Export Processing Zone?
Territory exempt from domestic legal policies.
400
Who are the floating people?
Rural migrants to China's cities who do not have access to municipal services.
400
What is a supply chain?
A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer
400
What is neoliberalism?
An economic philosophy that encourages privatization, free trade, and minimal government intervention in the economy.
500
What is the International Bank for Reconstruction and Development
The initial name given to the World Bank
500
What is the race to the bottom?
International competition to lure global capital to places with lower costs of production.
500
What is Kuznets Curve?
An economic theory suggesting that public appetite for environmental and social protections will grow as income rises.
500
What is the enclosure movement?
The removal of common rights that people held over farm lands and parish commons
500
What is structural adjustment?
The restrictions imposed on Jamaica in exchange for IMF loans.






Globalization Vocabulary

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