I
This international organization helps countries stabilize economies by offering SHORT term loans.
International Monetary Fund (IMF)
This term describes the value of one country’s currency compared to another.
A company that operates in more than one country is called this.
Transnational Corporation (TNC)
Money given by a government to help a business lower costs or stay competitive.
Subsidy
A government-owned business
Crown Corporation
This type of tax is placed on imported goods to protect domestic industries.
Tariff
This agreement after World War II created the IMF and World Bank to rebuild the global economy.
Bretton Woods Agreement
This is when goods are shipped in large standardized containers, lowering transportation costs.
Containerization
This term means reducing government rules on businesses.
deregulation
When a government sells a business to private owners, it is called this.
privatization
Factories where workers are paid very low wages and work in unsafe conditions.
Sweatshop
Moral principles that guide decisions about right and wrong.
Ethics
Removing all trees from an area at once is known as this.
clear-cutting
Mining that removes the top layer of land to access resources underneath.
surface mining
Development that meets current needs without harming future generations.
sustainable development
The idea that humans are responsible for taking care of the environment.
stewardship
Large-scale farming operations focused on efficiency and profit.
agribusiness
Foods created using altered genetic material are known as this.
GMOs
Large industrial farms where animals are raised in confined spaces.
factory farms
This belief system examines how humans should morally interact with nature.
Ecological ethics
What is an example of a trading bloc?
NATO
EU
What is an example of a crown corporation?
CBC
Canada Post
What is economic nationalism?
What is economic globalization?
Economic nationalism is the belief that a country’s economy and key resources should be controlled by its own people and government, not by foreign or large multinational companies.
Countries becoming more connected by trading goods, services, money, and ideas across borders.
What is the World Bank's the criteria to get a loan? Countries must (3)
Critics say that countries might be at a disadvantage working with the World Bank as they might get poorer. Why is this?
get rid of debt (prioritizing paying back loans)
get rid of corruption
cut social programs (programs paid by the gov’t that help citizens)
WB charges INTEREST
WRA I has a web and a question. What is the structure of a WRA I? What does it need?
Intro paragraph:
Discusses the question (what it means, why the question is important, stated the terms that are the most important to the question)
Body paragraphs: Exploring Chosen Terms
I have defined the term in my own words
I have explained how the term connects with the question
I have provided an example either from life, class or made up
Details and elaboration required
Communication:
Follow Capitalization rules
Sentence structure needs work
Review grammar Rules
Evidence