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Economical Globalization (Capitalism - an economic system for increasing…

- - - - WTO : (World Trade Organization) international organization found in 1995 that works to improve trade relations among the world’s countries (especially by removing tariffs and other barriers to trade).
        
        Tariffs :a tax imposed on imports to increase their price and thus reduce competition with domestic products
        
        Trade Liberalization: the process of reducing barriers to trade
        
        Free Market : a market in which the government would regulate nothing and all the businesses and property would be privately owned
        
        Free Market Economy: a system in which the government does not intervene (or intervenes minimally) in the production and control of goods and services
        
        FTA : (Free Trade Agreement) 1989 economic treaty between Canada and the United States that sought to promote trade by reducing tariffs and other barriers between two countries.
- - - - Capitalism
        
        Capitalism
- - - - These Transnational corporations have given opportunities and taken advantage of developing countries through outsourcing.
        
        But since this is a free market economy (which happens to be the economy globally) no government intervention could really prevent the use of sweatshops, The government has tried but that would be agains the voluntary conduct of the "employees" that they implements
        
        Move Right Around the Circle