Globalization: Encyclopedia of Trade, Labor, and Politics, vols. 1-2.
Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation ; encyclopedia of trade, labor, and politics; 2v.
Ed. by Ashish K. Vaidya vaidya /vai·dya/ (vi´dyah) [Sanskrit "one who knows"] in ayurveda, a physician. .
Intended as a reference work accessible to undergraduates, this encyclopedia contains some 100 articles on issues of globalization as seen from an economic, international business, political, legal, and environmental perspective. The articles are grouped thematically, with the first volume beginning with a section on trade and investment issues such as balance of payments, capital flows, currency crisis and contagion Contagion
The likelihood of significant economic changes in one country spreading to other countries. This can refer to either economic booms or economic crises.
An infamous example is the "Asian Contagion" that occurred in 1997 and started in Thailand. , exchange rate movements, international monetary relations, and government policy. The next section considers major business and economic sectors of the international economy. For each entry in the above section, the history of the subject, current events, and potential developments are reviewed. The second volume begins with a section on international trading blocs such as APEC APEC
in full Asia-Pacific Economic Cooperation
Trade group established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs (such as the European Union and the North American Free Trade Area) and NAFTA NAFTA
in full North American Free Trade Agreement
Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's and organizations such as the World Bank, the International Monetary Fund, and the World Health Organization. For this section, each entry contains a brief description, a list of member countries, the organizational purpose and profile, and economic and socioeconomic data on statistical indicators. The final section focuses on major environmental, legal, political, and cultural issues within the context of globalization, including natural resources, energy use, climate change, urban development, international labor rights Labor rights or workers' rights are a group of legal rights and claimed human rights having to do with labor relations between workers and their employers, usually obtained under labor and employment law. and standards, corruption, gender, and foreign aid.
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