osary GLOSARY
GLOBAL TRADE: The worldwide business that involves making and collecting payments for transactions in goods and services, and transporting them to interested markets. The overall reduction of global trade barriers and the ease of advertising to foreign markets via the Internet have increased the potential for a company doing business outside one's home country.
INTERNATIONAL TRADE: The exchange of goods or services along international borders. This type of trade allows for a greater competition and more competitive pricing in the market. The competition results in more affordable products for the consumer. The exchange of goods also affects the economy of the world as dictated by supply and demand, making goods and services obtainable which may not otherwise be available to consumers globally.
REGIONAL TRADE: A regional free trade agreement removes all barriers to trade and foreign investment, meaning that poor economies are not allowed to use import tariffs to protect their growing industries or their farmers from floods of cheap imports.
GLOBALIZATION: The worldwide movement toward economic, financial, trade, and communications integration.
ANTI-GLOBALIZATION: Movement whose participants are opposed to capitalism and globalization. The philosophy of the movement is based on the belief that individuals and organizations can achieve social, personal and economic goals without the negative consequences associated with capitalism. The anti-globalization movement places more emphasis on economic efficiency and human decency versus corporate competition and profits at any cost.
Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor