Editing Globalization (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Globalization''' — The process by which "Businesses" and "Organizations" develop "International Influence" or start operating on an "International Scale."
* '''Comparative Advantage''' (David Ricardo) — The idea that "Trade is Good" even if one country is "Better at everything," because "Specialization" makes the "Whole World richer."
* '''Outsourcing''' — Obtaining "Goods or Services" from an "Outside or Foreign Supplier," especially in place of an "Internal" source.
* '''The Shipping Container''' — The "Simple Box" that changed the world: it made "Moving Goods" **90% cheaper** and enabled the "Modern Global Market."
* '''FDI (Foreign Direct Investment)''' — When a "Company in one country" "Invests" in a "Business in another" (e.g., 'Apple' building a factory in 'India').
* '''Supply Chain''' — The "Sequence of Processes" involved in the "Production and Distribution" of a commodity.
* '''Free Trade Agreement (FTA)''' — A treaty between two or more countries to "Remove Taxes" (Tariffs) on trade (e.g., 'NAFTA' or 'The EU').
* '''Brain Drain''' — The "Emigration" of "Highly Trained or Intelligent People" from a "Poor Country" to a "Rich Country."
* '''Standardization''' — The "Global Agreement" on "Sizes" and "Quality" (e.g., 'USB Ports' or 'Credit Card Sizes') that allows "Trade" to flow.
* '''The WTO (World Trade Organization)''' — The "Referee" of global trade: it "Ensures" that countries "Follow the rules" and "Don't Cheat."
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