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Full list of words from this list:

words only definitions & notes
  1. sector
    a group that forms part of society or the economy
    The U.S. emerged from World War II with the world’s largest industrial economy, financial sector, and military capacity.
  2. capacity
    capability to perform or produce
    The U.S. emerged from World War II with the world’s largest industrial economy, financial sector, and military capacity.
  3. collective
    done by or characteristic of individuals acting together
    Post–World War II, the U.S. was more internationally engaged than they were after the first world war, actively promoting free trade between states and collective security within a capitalist global economy.
  4. liberalization
    the act of making less strict
    At the Bretton Woods Conference, the U.S. and Britain supported the liberalization of trade, currency stabilization based on the U.S. dollar, and easier credit for postwar rebuilding and economic development.
  5. stabilization
    the act of keeping something from fluctuating
    At the Bretton Woods Conference, the U.S. and Britain supported the liberalization of trade, currency stabilization based on the U.S. dollar, and easier credit for postwar rebuilding and economic development.
  6. accede
    take on duties or office
    In 1995, the World Trade Organization (WTO) replaced GATT and both former and current communist nations acceded into its membership.
  7. automotive
    of or relating to motor vehicles
    Japan, Taiwan, South Korea, and Singapore were increasingly associated with electronics and automotive manufacturing and sophisticated factory management.
  8. sophisticated
    complex or intricate
    Japan, Taiwan, South Korea, and Singapore were increasingly associated with electronics and automotive manufacturing and sophisticated factory management.
  9. exponentially
    in a manner of rapid growth
    Over the next few decades, Chinese manufacturing and shipping grew exponentially.
  10. technological
    based in scientific and industrial progress
    This shift in global manufacturing saw the U.S. and Europe move toward postindustrial knowledge economies largely focused on technological innovation.
  11. innovation
    the act of starting something for the first time
    This shift in global manufacturing saw the U.S. and Europe move toward postindustrial knowledge economies largely focused on technological innovation.
  12. scope
    an area in which something operates or has power or control
    These technologies dramatically improved the speed and scope of information transmission, which radically changed the nature of commerce and cultural diffusion.
  13. transmission
    communication by means of sent signals
    These technologies dramatically improved the speed and scope of information transmission, which radically changed the nature of commerce and cultural diffusion.
  14. commerce
    transactions supplying goods and services
    These technologies dramatically improved the speed and scope of information transmission, which radically changed the nature of commerce and cultural diffusion.
  15. diffusion
    spread of social institutions from one society to another
    These technologies dramatically improved the speed and scope of information transmission, which radically changed the nature of commerce and cultural diffusion.
  16. deregulation
    the act of freeing from rules
    Transportation efficiencies in the shipping and airline industries also contributed to globalization: containerization and airline deregulation allowed larger volumes of goods to be transported and made human migration cheaper.
Created on Thu Jun 20 09:37:17 EDT 2019 (updated Thu Jun 20 09:43:19 EDT 2019)

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