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Chapter 1
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export processing zones (EPZs)
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formal industrial zones with special incentives to attract foreign investment.
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extranet
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an intranet that is partially accessible to authorized outsiders.
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globalism
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the ideology that advocates the liquidation of nations.
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globalization
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the increasing economic and political interdependence between nations in scope and intensity.
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globalization of markets
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the convergence or union of all countries' markets into one global marketplace.
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intranet
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a network used to share information among an organization’s members, employees, and others with authorization.
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laissez-faire
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generally understood to be a doctrine opposing economic interventionism by the state beyond what many believe to be the core roles of government—maintaining peace and preserving property rights.
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non-governmental organization (NGO)
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an organization that is privately funded, and is independent from the public sector and governments and their policies.
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purchasing power parity (PPP)
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this allows us to compare the purchase price for a fixed basket of goods in every country.
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selling short
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an action taken by an investor to speculate on the pending decline of the future value of an asset with the expectation they will be able to profit from the subsequent decline in the value of the asset.
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sovereignty
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a government free from external controls.
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sweatshop
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a place of employment in a host country that offends our cultural senses of laws governing working conditions and wages.
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