Technology and Globilization

Microprocessors

single chips with many integrated circuits containing both memory and computing functions.

telecommute

work from home via computer.

Internet

system of networked computers of a U.S. Defense Department agency that linked to a system of networked supercomputers of the National Science Foundation. Similar networks grew across the world

World-Wide-Web

researchers in Switzerland developed a new way to present information on Internet-linked computers

dot-com economy

Enthusiasm for the World Wide Web spawned a.

Globalism

 idea that the world is becoming increasingly interconnected.

Regional Blocs

trade pacts based on area increased international trade.

NAFTA

North American Free Trade Agreement linked Canada, the U.S. and Mexico in a free-trade zone. Many Americans feared this would cause industrial jobs to move to Mexico where labor costs are lower.

EU

European Union was created to promote economic and political cooperation among European nations. It created a common bank, encouraged free trade and created a common currency the euro.

APEC

Asia-Pacific Economic Cooperation came together to promote economic cooperation and lower trade barriers. Major political differences kept its members from acting together.

World Trade Organization

formed in 1995 to represent 120 nations efforts to negotiate international trade agreements and trade disputes.

Trade w/ China

Potentially a huge market for our goods but has a poor record on human rights. Clinton urged Congress to grant China permanent normal trade relation status to bring it into the world community

Global Warming

an increase in average world temperatures over time