| A | B |
|---|
| conglomerate | owns several subsidiaries in different industries |
| direct foreign investment | an MNC buys or builds a business in a country |
| twenty five percent | the amount of U.S. corporate investments in LDC's |
| economic globalization | the movement of goods and services, people and money across national borders |
| multinational corporation | a firm that is based in one country, but owns plants in other countries |
| Nike | a large MNC that has been charged with poor treatment of workers |
| LDC | little industrialization and workers have low skills |
| Alcoa | a country that controls 100% of worlds's bauxite |
| Ford | a company that sought to expand its market share in the 1920's |
| lower cost | a reason Mattel toys are produced in China |
| developed nations | high level of industrialization and workers have a high skill level |
| World Trade Organization | an international organization that should monitor MNC's |
| tariff | a tax on imports |
| trade barriers | restrictions that limit trade |
| quota | a limit that is placed on the number of items imported into a country |
| horizontal mergers | a corporation acquires a company within its own industry |
| vertical mergers | a corporation acquires a company in an industry that is in some way related to its primary business |
| technology | one reason mergers are more frequent today |
| monopoly | one corporation controls an entire industry |
| after WWII | U.S. MNC's experienced rapid growth |
