Glo-bal-is-a-tion

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Across
  1. 4. Also known as TNC. A firm that owns or controls productive operations in more than one country through foreign direct investment.
  2. 7. The global interdependence of countries world-wide through the increasing volume and variety of cross border transactions in goods and services and of international capital flows, and through the more rapid and widespread diffusion of technology.
  3. 8. the acronym for the International Monetary Fund. Secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world
  4. 9. government actions or policies to restrain international trade in order to protect local products.
  5. 10. the acronym for World Trade Organisation. The global international organization dealing with the rules of trade between nations.
  6. 12. a factory or workshop where manual workers are employed at very low wages for long hours under poor conditions
Down
  1. 1. International Bank for Reconstruction and Development. A United Nations agency created to assist developing nations by loans guaranteed by member governments
  2. 2. An enterprise that is registered or has operations in more than one country. a large corporation which both produces and sells goods or services in various countries.
  3. 3. A broad term which can cover any challenge to capitalism as the best or only way to organise the world. It was given media prominence during the 1999 WTO summit in Seattle where a wide range of organisations protested against the workings of the international economic system.
  4. 5. The social and economic system which relies on the market mechanism to distribute the factors of production (land, labour and capital) in the most efficient way.
  5. 6. The difference between individuals or populations in the distribution of their assets, wealth, or income.
  6. 7. the large-scale filter-down of economic activity from developed countries to Newly Industrialised Countries (NICs) and developing countries
  7. 11. an economic system where prices are determined by unrestricted competition between privately owned businesses.