Social 10-2 Economic Globalization Terms

This helps rebuild countries devastated by war if they meet certain conditions.

What does IMF stand for?

These countries owe debts, and have little or no hope of repaying them.

This is a concern with prosperity and globalization.

A group of seven developed countries that discuss global issues.

This has evolved from NAFTA but has yet to be signed.

These have their headquarters in one country but production or services are in another country.

Why do countries trade?

What does HIPC's stand for?

What does GATT stand for?

The GATT is now called the....

These are set up along the US and Mexico border.

One of the conditions countries have to meet before receiving money from the IMF or WBank is...

This is in charge of long term loans to countries in need.

These are provided by governments to ensure prices of products are controlled.

This includes Canada, United States, and Mexico

The World Bank works together with this to bring stability to world economic affairs.

This is an anti-globalization group.

Each country pays a certain amount to this fund based on the size of their economy.

This is another name for trade liberalization

This was set so that all currency could be changed back or measured by...

These are reduced or eliminated when trading with another country.

How much your money is worth when converted to that country is called....

This was an agreement signed by Allied countries in 1944 that established three institutions.

After WWII this involved an economic struggle between capitalist and communist countries.