Modern Economy and Trade Dynamics

The process of dividing tasks among different people or groups, leading to specialized skills and increased efficiency.

The production of goods and services across national borders, facilitated by advanced communication technologies.

The ability to communicate across vast distances, enabling coordination and control of global economic activities.

The organized distribution of work among various locations to leverage lower costs, resources, and skilled labor.

A pre-modern economic system where most goods are produced locally and foreign goods are rare and expensive.

Using military power to enforce control over a colony.

Gaining control by working with local leaders and incorporating them into colonial administration.

Creating divisions and barriers between different groups within a colony to prevent unity.

Restricting communication flow and information access in colonies.

A communication system where all messages pass through a central point, even between nearby locations.

A system where power is spread across multiple centers, with no single dominant force.

A system where one dominant power controls the majority of global influence.

The process of one power using advanced technology to dominate others.

A major trading center that facilitates the exchange of goods between different regions.

The practice of exploiting resources and labor in a colony for the benefit of the colonizer.

Globalization is deeply interconnected with communication technologies and economic interdependence, creating a global network.

Although globalization promotes cooperation, it can also exacerbate inequalities and dependencies, mirroring historical patterns of power.

Modern imperialism can be observed within globalization, as powerful nations influence and exploit weaker ones.

Emerging economies and new media platforms challenge dominant global narratives, offering alternative perspectives.

New media and emerging economies create opportunities to resist dominant global narratives and promote alternative perspectives.

Computer-to-computer communication across national borders that allows businesses to operate globally.

The interconnectedness between nations due to the flow of goods, services, and information across borders.

When corporations have immense power globally, potentially weakening local institutions and decision-making.

Global trends that challenge the dominance of Western media industries, showing how the world is shifting.

The potential downside of globalization, where companies benefit from cost savings in one country but may face risks later.

The spread of cultural values and practices from one nation to another through media, entertainment, and consumer goods, often attributed to American dominance in modern times.

The dominance of a single nation over global media and culture, currently associated with the United States, often influencing and shaping other cultures.

A proposed international communication system that aimed to provide a more balanced representation of different cultures and news perspectives in global media.

Concerns expressed by nations about the dominance of a specific nation's culture (typically US), often perceived as a form of cultural invasion.

The use of economic power to influence and control other nations, typically through trade, investment, and media, as opposed to military force.