Organizations
Established in 1944, this organization aims to help developing countries by providing money and technical expertise.
World Bank
This economic system that ruled Russia for most of the 20th century encourages equality and was inspired by the writings of Karl Marx.
Communism
Economist Friedrich Hayek, British prime minster Margret Thatcher and Alberta premier Ralph Klein would all be examples of people who want ____ government intervention in the economy.
Less
Gone are the days of the West being manufacturing powerhouses, many manufactures for cars, clothes and other goods now reside in this continent.
Asia
By hiring a 3rd party company, often out of the country, to supply goods or services. Companies can compete better with others using this same practice.
Outsourcing
Established in 1945, this organization has a pool of money from which member countries can draw from and aims to stabilize currency exchange rates between countries.
Canada and the United States as well as most modern democracies follow an economic system of ____ capitalism.
Welfare
Economists John Maynard Keynes, John Stuart Mill and Canadian Prime Minister Justin Trudeau would likely be in favour of ____ government intervention in the economy.
More
In an era filled with competition, ____ pricing can be a way for companies to drive out smaller competitors.
Predatory
The Canadian Government giving out money to farmers would be an example of this.
Subsidies
A critique of the WTO would be that hearings closed to the public create a lack of ____.
Transparency
Beginning with the stock market crash of 1929, this event was one of the factors contributing to global instability in the first half of the twentieth century.
The Great Depression
Critics of ___ trade would argue that it only benefits corporations and not workers.
Free
Located in Mexico, near the U.S. border, these factories employ mostly women.
Maquiladoras
This measure of prosperity can tell you about the total capital of a nation’s goods and services for a whole year.
GDP
Organizations that promote trade liberalization would most like be critical of this policy that involves putting taxes on imported goods from other countries
Tarrifs
The theories of this economist would lay the groundwork for policies put into place by those who resonated with his view that societies were too complex to be planed.
Friedrich Hayek
Supporters of ___ trade would likely advocate for improved working conditions and environmentally responsible practices.
Fair
Countries including Canada have seen increased urbanization, this refers to people moving to ___ in search of work and new opportunities.
Cities
Advocates of this process would say it is beneficial due to decreased taxes and less debt for governments.
Privatization
A Canadian vineyard owner in 1994, upset about the possible influx of cheap American wine to the country would most likely be critical of what recently signed agreement?
NAFTA
One of the key factors that differentiates historical globalization from modern globalization is increased ____ that can cause events in one country to have an immediate and direct impact on other countries.
Interdependence
Someone who demonstrates environmental stewardship would advocate for ____ practices as it relates to natural resources.
Sustainable
In recent years there has been an increase in investors from one economy establishing lasting interest and influence in businesses located in other parts of the world. This could also be referred to as ___.
Foreign Direct Investment
This practice involves reducing imports from other countries in an attempt to help domestic industries.
Trade protectionism