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Globalization
Increasing interconnectedness of people, businesses, and countries.
Identity
Characteristics, values, and beliefs that define an individual or group.
Collective Identity
Shared identity of a group.
Individual Identity
Personal characteristics that make a person unique.
Culture
Shared beliefs, customs, traditions, and values.
Language
A major factor influencing identity.
Accommodation
Adjusting or adapting to differences.
Assimilation
Adopting the culture of another group.
Integration
Maintaining one's culture while participating in a larger society.
Pluralism
Respect and acceptance of diverse cultures.
Multiculturalism
Government policy supporting cultural diversity.
Cultural Revitalization
Renewing cultural traditions and practices.
Acculturation
Cultural change resulting from contact between cultures.
Marginalization
Being pushed to the edge of society.
Homogenization
Cultures becoming more similar.
Nation
A group of people sharing a common identity.
Nationalism
Loyalty and devotion to a nation.
Patriotism
Pride in one's country.
Ultranationalism
Extreme nationalism that places one's nation above others.
National Interest
Goals that benefit a nation.
Self-Determination
The right of people to determine their political future.
Sovereignty
A nation's right to govern itself.
Internationalism
Cooperation among nations.
Collective Security
Countries working together to maintain peace.
Foreign Aid
Assistance given by one country to another.
Humanitarianism
Promoting human welfare and helping those in need.
Imperialism
One country extending power over another.
Expansionism
Growing a nation's territory or influence.
Ethnic Nationalism
Nationalism based on shared ancestry or culture.
Civic Nationalism
Nationalism based on shared citizenship and values.
Appeasement
Giving in to demands to avoid conflict.
Militarism
Building military strength aggressively.
Propaganda
Information used to influence opinions.
Capitalism
Private ownership and competition for profit.
Mixed Economy
Combination of private enterprise and government involvement.
Command Economy
Government controls production and resources.
Consumerism
Encouraging the purchase of goods and services.
Competition
Businesses competing for customers.
Profit Motive
Desire to earn money.
Supply and Demand
Relationship between product availability and consumer desire.
Free Trade
Trade with few restrictions.
Protectionism
Policies protecting domestic industries.
Tariff
Tax on imported goods.
Quota
Limit on imported goods.
Subsidy
Government financial support to businesses.
Outsourcing
Moving jobs or production to another country.
Offshoring
Relocating operations to another country.
Industrialization
Growth of manufacturing and industry.
Trading Bloc
Group of countries reducing trade barriers.
Foreign Investment
Money invested in another country.
Multinational Corporation (MNC)
Company operating in multiple countries.
WTO
World Trade Organization; regulates international trade.
IMF
International Monetary Fund; provides financial assistance to countries.
USMCA
United States-Mexico-Canada Agreement; free trade agreement replacing NAFTA.
NAFTA
North American Free Trade Agreement; former trade agreement between Canada, U.S., and Mexico.
G7
Group of seven major industrialized economies.
G20
Group of twenty major world economies.
John Maynard Keynes
Supported government intervention in the economy.
Friedrich Hayek
Supported free markets and limited government involvement.
Sustainability
Meeting present needs without harming future generations.
Sustainable Prosperity
Economic growth balanced with environmental and social well-being.
Quality of Life
Overall standard of health, comfort, and happiness.
Human Rights
Basic rights and freedoms of all people.
Ethical Consumerism
Buying products based on ethical considerations.
Child Labour
Work performed by children that may harm development.
Deforestation
Clearing forests on a large scale.
Environmental Stewardship
Responsible management of the environment.
Economic Growth
Increase in production and wealth.