Acronyms
NAFTA
What is the North American Free Trade Agreement
A word that means payment for damages done to other countries because of war.
What are reparations?
A key to shipping goods more cheaply and efficiently.
What is containerization?
The ability for people to be able to use the earth's resources over and over again in order to survive.
What is sustainability?
Things that we call problems, but people in poor countries cannot understand.
What are first world problems?
UN
What is the United Nations?
A German leader who rose to power after World War 2.
Who was Adolf Hitler?
When two countries agree to eliminate all tariffs and taxes on goods and services traded between them.
What is Free Trade?
The area of the earth's surface that is necessary to sustain the resources used and waste made by humans.
What is ecological footprint?
When the people of a country have everything that they need to be healthy and live good lives over time.
What is sustainable prosperity?
GDP
What is Gross Domestic Product?
An economic and political model that opposes capitalism.
What is communism?
Reducing costs by using suppliers of products and services in third world countries.
What is outsourcing?
Accepting responsibility and taking care of the earth's resources.
What is stewardship?
Businesses and individuals who use research, education, new ideas and information as economic tools.
What is the Knowledge Economy?
WTO
What is World Trade Organization?
A Russian dictator who transformed the Soviet Union's economy through communism.
Who is Stalin?
When several countries make a decision based on a general agreement.
What is a consensus?
One of the most dangerous jobs in the world.
What is shipbreaking?
When the government sells public services to a private company.
What is privatization?
HDI
What is the Human Development Index?
The Dirty Thirties.
What is an economic depression?
Large corporations that are based in rich countries but operate in poorer countries.
What is a transnational corporation?
When a shipping company makes more money and breaks the law by registering its ship in a country other than that of its owner.
What are flags of convenience?
Greenhouse gases contribute to this world problem.
What is global climate change?