Economic Globalization

3. The activity or job of protecting and being responsible for something.
4. A person, group or organization that has interest or concern in an organization.
5. Opening an industry to more competition by removing government regulations.
7. A country's ability to produce a good or service with fewer resources.
10. The use of knowledge to produce economic benefits.
12. Government-owned companies.
14. When an HIPC (heavily indebted poor country) agrees to certain conditions, the debt it owns to other countries/agencies may be reduced or eliminated.
15. Worlds lzargest union, most powerful common market, which works to develop common foreign and security policies.
16. An international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries.

1. An agreement among countries that includes the free trade of goods and services and movement of capital or labour within the trading blocs.
2. The action of buying and selling goods and services.
3. Able to be used without being completely used up or destroyed.
6. A United Nations international financial institution that provides loans to developing countries for capital programs.
8. The process of reducing barriers to trade.
9. Concern about the impact of foreign investment on a country's economic independence or identity.
11. A successful, flourishing, or thriving condition, especially in financial respects; good fortune.
13. The sale of government owned industry/ services to private business.