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Vocabulary practice flashcards covering terms, definitions, and concepts related to globalization, human trafficking, economics, and environmental sustainability based on lecture notes.
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To outsource
To contract work, tasks, or business processes out to an external provider or location (German: auslagern).
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale (German: Globalisierung).
To compete
To strive against others to achieve a goal, market share, or advantage (German: konkurrieren).
Economic growth
An increase in the amount of goods and services produced per head of the population over a period of time (German: Wirtschaftswachstum).
To invest
To allocate money or capital into financial schemes, shares, or property with the expectation of achieving a profit (German: investieren).
To negotiate
To try to reach an agreement or compromise by discussion (German: verhandeln).
Supply chain
The sequence of processes involved in the production and distribution of a commodity (German: Lieferkette).
To import
To bring goods or services into a country from abroad for sale (German: importieren).
To export
To send goods or services to another country for sale (German: exportieren).
Labor market
The availability of employment and labor, in terms of supply and demand (German: Arbeitsmarkt).
To adapt
To become adjusted to new conditions or environments (German: sich anpassen).
Cultural exchange
The sharing of ideas, traditions, and customs between different cultures and nations (German: Kulturaustausch).
Developing country
A nation with a less developed industrial base and lower Human Development Index relative to other countries (German: Entwicklungsland).
Interconnected
Having all constituent parts or elements linked together (German: vernetzt).
Foreign investment
Inflows of capital from abroad to invest in domestic entities and assets (German: Auslandsinvestitionen).
Wage gap
The difference in pay between different groups of workers or geographic regions (German: Lohngefälle).
To exploit
To take unfair advantage of a person or situation for one's own benefit (German: ausbeuten).
Consumerism
A social and economic order that encourages the acquisition of goods and services in ever-increasing amounts (German: Konsumverhalten).
Free trade
International trade left to its natural course without tariffs, quotas, or other restrictions (German: Freihandel).
Economic inequality
The unequal distribution of income and opportunity between different groups in society (German: wirtschaftliche Ungleichheit).
Global citizen
Someone who sees themselves as belonging to a worldwide community rather than a single nation (German: Weltbürger).
Human trafficking
The illegal trade and transportation of human beings, often for forced labor or commercial sexual exploitation (German: Menschenhandel).
Forced labor
Work or service exacted from any person under the threat or penalty of force and done involuntarily (German: Zwangsarbeit).
Victim
A person harmed, injured, or exploited as a result of a crime, action, or event (German: Opfer).
To recruit
To enlist, entice, or persuade someone to join an organization or engage in an activity (German: anwerben).
To abduct
To take someone away illegally by force or deception; kidnap (German: entführen).
Debt bondage
A condition in which a person pledges their labor or service as security for the repayment of a debt (German: Schuldknechtschaft).
Coercion
The practice of persuading someone to do something by using force or threats (German: Zwang).
Sexual exploitation
The abuse of a position of vulnerability, differential power, or trust for sexual purposes (German: sexuelle Ausbeutung).
To deceive
To deliberately cause someone to believe something that is not true for personal gain (German: täuschen).
Vulnerable
Exposed to the possibility of being attacked or harmed, physically or emotionally (German: verletzlich / gefährdet).
Law enforcement
Government agencies responsible for preventing, detecting, and prosecuting crime (German: Strafverfolgungsbehörden).
Awareness campaign
An organized strategy to educate and inform the public about a specific cause or issue (German: Aufklärungskampagne).
Sweatshop
A factory or workshop where manual workers are employed at very low wages under poor and hazardous conditions (German: Ausbeutungsbetrieb).
Sustainability
The quality of meeting present needs without compromising the ability of future generations to meet theirs (German: Nachhaltigkeit).
Deforestation
The clearing or thinning of forests by humans for agriculture, logging, or urban development (German: Abholzung).
Renewable energy
Energy derived from natural sources that replenish themselves faster than they are consumed (German: erneuerbare Energie).
Homogenization
The process of making things uniform or similar, often leading to a loss of local distinctiveness and cultural diversity (German: Vereinheitlichung, Verlust lokaler Kulturen).
Brain drain
The emigration of highly trained, educated, or qualified people from a particular country (German: Abwanderung von Fachkräften).
Widening gap
A growing division or disparity, especially between the rich and the poor (German: wachsende Kluft zwischen Arm und Reich).
Interdependence
The state of being mutually reliant on one another (German: gegenseitige Abhängigkeit).
Tax evasion
The illegal non-payment or underpayment of tax (German: Steuerhinterziehung).
To facilitate
To make an action or process easier or possible (German: erleichtern, ermöglichen).
To foster
To encourage or promote the development of something (German: fördern).
To undermine
To weaken or erode the foundation or effectiveness of something gradually (German: untergraben).
Subsidisation
The provision of financial aid or grants by a government to support an industry or economic sector (German: Unterstützung, Subventionierung).
Livelihood
A means of securing the necessities of life, such as food and shelter (German: Lebensunterhalt).
Competitiveness
The ability of a firm or nation to offer goods and services that meet quality standards of local and world markets at competitive prices (German: Wettbewerbsfähigkeit).
Subsistence wage
A wage level that is barely sufficient to cover a worker's basic needs for survival (German: Lohn erhalten, der nur den Lebensunterhalt deckt).