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Globalization
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The increasing interconnectedness of people and places through converging processes of economic, political, and cultural change
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Transnational firms
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Do global business through international subsidiaries
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Economic convergence
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The world's poorer countries will gradually catch up with the more advanced economies
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Sweatshops
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Crude factories in which workers sew clothing, assemble sneakers, and perform other labor-intensive tasks for extremely low wages
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Bubble economy
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As vast sums of money flow into a developing country, they create a speculative inflated economy that cannot be sustained
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Rate of natural increase (RNI)
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Depicts the annual growth rate for a country or region as a percentage; produced by subtracting number of deaths each year by the number of births divided by population
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Total fertility rate (TFR)
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A synthetic hypothetical number that measures the fertility of a statistically fictitious yet average group of women moving through their child bearing years
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Population pyramid
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Plots the percentage of all age groups along a vertical axis that divides the population into male or female
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Demographic transition model
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A four sage conceptualization that tracks changes in birthrates and death rates through time as a population urbanizes
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Net migration rate
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A statistic that depicts whether more people are entering or leaving a country
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Urbanized population
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The percentage of a country's population living in cities
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Culture
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A learned, shared behavior held in common by a group of people empowering them with what could be called a "way of life"
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Cultural imperialism
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The active promotion of one cultural system at the expense of another
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Cultural nationalism
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The process of protecting and defending a cultural system against diluting of offensive cultural expressions while at the same time actively promoting national and local cultural values
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Cultural syncretism or hybridization
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The blending of forces to form a new, synergistic form of culture
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