GLOBALIZATION AND THE INFORMATION AGE (1973-1990)

Globalization

The spread of products, technology, information, and jobs across national borders and cultures, fostering interdependence among nations through free trade.

Free trade agreement

A pact between two or more nations aimed at reducing barriers to imports and exports, allowing goods and services to be bought and sold across international borders with minimal government restrictions.

North American Free Trade Agreement (NAFTA)

An agreement signed in 1992 among the United States, Canada, and Mexico, designed to eliminate tariff barriers between the three countries.

World Trade Organization

An international institution responsible for overseeing global trade rules among nations.

Multinational corporation

A company that owns or controls the production of goods or services in at least one country other than its home country.

G20 (Group of 20)

An international forum consisting of governments and central bank governors from 19 countries and the European Union, meeting annually to address global crises.

Universal Declaration of Human Rights

A milestone document that sets out fundamental human rights to be universally protected, translated into over 500 languages.

Paris Climate Agreement

A global agreement within the United Nations Framework Convention on Climate Change aimed at reducing greenhouse gas emissions.

World Wide Web

A system of information, including web pages linked to other networked related pages, files, source documents, definitions, and other web-based resources.

Internet

A global-wide area network that connects computer systems across the world.