Paper 3 IB

3. Corporations that operate in multiple countries, influencing global trade and investment.
6. Loss of income from a country when profits are repatriated abroad.
8. Countries with dominant influence globally in economic, political, and military terms.
9. International trade left to its natural course without tariffs or quotas.
11. The movement of people from one place to another, often for economic reasons.
14. Process of increasing interconnectedness and interdependence among countries.
15. Countries or territories with low or no taxes used by corporations to reduce tax liability.

1. The shrinking of perceived distances due to advances in transport and communication.
2. Partial or total forgiveness of debt, often granted to developing nations.
4. Large-scale land acquisitions by foreign or domestic investors.
5. Contracting work to outside companies, often in foreign countries, to reduce costs.
7. An international financial institution that offers loans and advice to developing countries.
10. Money sent by migrants to their families in their home countries.
12. Illegal movement of people or goods, often associated with exploitation.
13. Trade in which fair prices are paid to producers in developing countries.