What is the EU?
European union
What is the euro?
The name of the single European currency that went into circulation on January 1 2002
What is TNC?
Transnational corporations
What is GDP per capita?
GDP divided by population
What is a subsidy?
Direct financial help such as loans or lower taxes that the government provides to an industry
What is containerization?
A shipping method in which large amounts of goods are packaged into large containers for efficient transport and handling
What is a subsidiary?
A company that ss owed and controlled by a large corporation