Terms
Supporters say this can improve efficiency and resource use, because companies want to improve efficiency and profits.
Privatization
The World Bank often gives these to developing countries, but they must be paid back.
Loans
These kinds of companies expand their operations all over the world.
TNCs
This innovation has made it possible to take a job in Canada and live in another nation.
The internet
A problem with outsourcing is that workers often don't receive...
Fair wages.
This refers to non-Canadian people and companies owning Canadian corporations and businesses.
Foreign investment
The World Bank is often controlled by these types of countries.
Western or Wealthy
What government action can cause unfair competition in world trade?
Subsidies
This mineral is needed to create batteries for electric vehicles.
Lithium
This is a major environmental cost of transporting goods globally.
CO2 emissions
This term describes long-term well-being that balances economic growth, environmental protection, and social equity.
Sustainable Prosperity
This organization includes Canada as a founding member and supports Francophone countries in joining the global economy.
La Francophonie
This use of outside labour is usually the reason for low prices on goods.
Outsourcing
This innovation in shipping has greatly increased the volume of international trade.
Containerization
This term describes when powerful countries influence weaker ones through money or business, not armies.
Neocolonialism
This term describes an economy where ideas, skills, and information are the main drivers of growth.
Knowledge Economy
This organization began as GATT in 1947 and works to reduce barriers like tariffs between nations.
WTO -World Trade Org.
This is the trade deal between North American nations.
CUSMCA
What banking advancement has allowed companies to operate in more than one nation?
Online banking
This means responsibly using and protecting natural ecosystems, with a long-term view of sustainability and biodiversity.
Stewardship
This economic policy removes barriers to trade and encourages more international competition.
Trade liberalization
At this event, many organizations were created.
The Bretton Woods Conference
Tariffs.
This term describes the gap between people who have access to the internet and those who don't.
Digital Divide
This term refers to the removal of rules to make it easier for people to do businesses. For example, getting rid of environmental rules to make it easy to build a mine.
Deregulation