1.3 Interdependence

The ability of a country to produce all of its goods.

The control of one or more countries over another.

The condition of a territory that is politically administered by another country.

Two or more groups impacting and relying on each other.

The location of jobs is affected but the number of positions remains the same.

Globalization brings unemployment in the developing countries.

Jobs might be created in one place but lost somewhere else.

Globalization promotes employment and new jobs everywhere.

Outsourcing

Intercommunication

Internationalization

Globalization

a multinational corporation

free trade

a global economy

economic development