Globalization, Labor Markets, and International Business - Key Vocabulary

A set of vocabulary flashcards covering globalization, labor market dynamics, research methods, and course logistics based on the lecture notes.

Globalization

The increasing interconnectedness of world economies, leading to cross-border movement of work, goods, and services.

Outsourcing

Getting work done by a third party, often in another country, to reduce costs or access specialized skills.

Offshoring

Relocating production or services to another country for cost advantages, often overlapping with outsourcing.

Service economy

An economy dominated by services (IT, finance, consulting) rather than manufacturing, often shaped by globalization.

Current Population Survey

A US government survey that collects labor market information (employment status, weeks worked, etc.) to study workforce dynamics.

Population census

The official count of a country's population and basic demographic characteristics, used for planning and representation.

Labor mobility

The ability and willingness of workers to change jobs or locations in response to opportunities, shocks, or policy changes.

Upward mobility via outsourcing

The phenomenon where outsourced workers move into higher-skilled roles, such as managerial positions within outsourcing arrangements.

Downward displacement

Workers who lose ground in earnings or job status due to increased global competition, sometimes shifting to lower-skilled roles.

Data-driven research

Research that uses large datasets and empirical analysis to identify patterns and test hypotheses.

International business

The study and practice of cross-border trade, investment, and corporate strategy in a global environment.

Canvas

The learning management system used to post syllabus, materials, assignments, and announcements.

Syllabus

The course document outlining objectives, schedule, policies, and requirements.

News and case presentations

Weekly activities in which students present current events and business cases and lead class discussions.

Apprenticeship learning model

A teaching approach where students gain experience by actively presenting and guiding discussions, akin to an apprenticeship.

Course administration

The administrative aspects of running the course (calendars, postings, communications).

Textbook currency

The relevance and timeliness of a textbook; newer editions may still be partly outdated for current events.

Course communication forum

An online space where students and instructor exchange questions and discussions about the course content.

Preferred contact method

The instructor's preferred way to be contacted (e.g., Instagram, email, etc.).