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5 financial glossaries
1. Globalization：（全球化）
Definition: Name for the process of increasing the connectivity and interdependence of the world's markets and businesses. This process has speeded up dramatically in the last two decades as technological advances make it easier for people to travel, communicate, and do business internationally. Two major recent driving forces are advances in telecommunications infrastructure and the rise of the internet. In general, as economies become more connected to other economies, they have increased opportunity but also increased competition. Thus, as globalization becomes a more and more common feature of world economics, powerful pro-globalization and anti-globalization lobbies have arisen.
The pro-globalization lobby argues that globalization brings about much increased opportunities for almost everyone, and increased competition is a good thing since it makes agents of production more efficient. The two most prominent pro-globalization organizations are the World Trade Organization and the World Economic Forum. The World Trade Organization is a pan-governmental entity (which currently has 144 members) that was set up to formulate a set of rules to govern global trade and capital flows through the process of member consensus, and to supervise their member countries to ensure that the rules are being followed. The World Economic Forum, a private foundation, does not have decision-making power but enjoys a great deal of importance since it has been effective as a powerful networking forum for many of the world's business, government and not-profit leaders.
2. Import duty：（进口税）
Definition: The transition of an economy from primarily agrarian to one based mainly on manufacturing and industry. Industrialization is generally thought to be a sign of a growing economy, and is associated with income growth, urbanization, and improvements in health, lifespan, and standard of living for the populace.
3. Industrialization：（工业化）
Definition: The transition of an economy from primarily agrarian to one based mainly on manufacturing and industry. Industrialization is generally thought to be a sign of a growing economy, and is associated with income growth, urbanization, and improvements in health, lifespan, and standard of living for the populace.
4. Keynesian economics：（凯恩斯经济）
Definition: Named for economist John Maynard Keynes. An economic theory which advocates government intervention, or demand-side management of the economy, to achieve full employment and stable prices.
5. Labor union：（工会）
Definition: U.S.an organisation which represents employees who are its members in discussions about wages and conditions of work with management
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