contemporary issues

multinational corporations

 Companies that have facilities—offices, factories, stores, warehouses—in multiple nations

greenhouse effect

large amounts of carbon dioxide and other gases in the atmosphere heating the Earth.

globalization

 The process of increasing the interdependence of the world's economies

comparative advantage

 states that a country that can produce a good more efficiently than others has an advantage compared with its competitors

outsourcing

ending abroad, of jobs from developed to less developed countries