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The Telecommunications Act of 1996 introduced sweeping changes affecting cable companies and phone companies,but not broadcasters.
Transnational Corporation
A large company that operates in several countries around the world.
International Monetary Fund
An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.
World Bank
A global financial organization offering loans and grants to low-income country governments to support capital projects.
Relative Poverty
A condition where individuals or groups have significantly less income or resources compared to the average in their society.
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