studying
What is economic globalization mainly about?
The worldwide expansion of trade, communication, and transportation
A transnational corporation is best defined as…
A company with operations in multiple countries
Under Stalin, farms in the USSR became…
Collective farms controlled by the state
Which action helped trigger WWII?
Hitler invading Poland
Which organization was created at Bretton Woods?
imf
world bank
Joseph Stiglitz believes economic globalization increased because…
Transportation and communication costs decreased
Interdependence in global trade can cause instability because…
. A crisis in one country can affect many others
What event marked the start of the Great Depression?
Black Tuesday stock market crash
The Bretton Woods Conference (1944) was mainly about…
. Creating rules to stabilize the global economy
What symbolized the end of the Cold War?
Fall of the Berlin Wall in 1989
Naomi Klein argues globalization creates…
“Fences of exclusion” that shut people out
What were reparations after WWI?
Payments Germany had to make for war damage
The Great Depression hit the Prairies especially hard because…
Drought and grasshoppers destroyed crops
eynes believed governments should…
intervene to reduce unemployment
Milton Friedman strongly supported…
Free markets and limited government
According to Robert Reich, globalization is leading to…
No national products or national economies
John Maynard Keynes warned that harsh reparations would…
Cause starvation and future conflict
What major effect did WWII have on Canada’s economy
Increased industrial production
Hayek believed governments should…
Avoid interfering with free-market competition
China under Deng Xiaoping shifted toward…
A system with some market reforms
Income tax in Canada became permanent because…
The government needed revenue after WWI
The Russian Revolution began largely because…
Peasants and workers faced poverty and harsh conditions
How much did Canadian exports fall between 1929 and 1933?
50%
The WTO originally grew out of which agreement?
GATT
One major environmental issue tied to China’s rapid growth is…
Severe air pollution from coal use