-
globalization
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. -
liberalization
the removal or loosening of restrictions on something, typically an economic or political system. -
16th amendment
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. -
privatisation
the transfer of a business, industry, or service from public to private ownership and control.
