8. Globalization : describes a process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade
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11. Principles of the Trading System 1. Most Favoured Nation 2. National Treatment 3. Freerer Trade 4. Predictability 5. Promoting Fair Competition 6. Encouraging Development & Economic Reform
16. Chapter 11 – allows corporations or individuals to sue countries for compensation when actions taken by those governments adversely affect their investments. Once an item has been sold as a commodity, governments cannot stop its sale in the future. Most foreign investment in Canada is in the form of company take over (98%) Massive deindustrialization has occurred in the US and Canada.