Chapter 10
Countries using tariffs and trade barriers to prioritize their own industries is called this.
Protectionism
This concept means meeting today’s needs without harming future generations.
sustainable prosperity
Three organizations created at the Bretton Woods Conference.
IMF, World Bank, and GATT
A government owned business created to serve the public interest.
crown corporation
This international agreement aimed to reduce greenhouse gas emissions in the 1990s.
Kyoto Protocol
Reducing tariffs and trade barriers to encourage international trade is known as this.
trade liberalization
Taking responsibility to protect the environment for future generations is called this
stewardship
In the World Bank and IMF, voting power is mainly based on this.
country’s economic size or financial contribution
This industry is often criticized for poor working conditions and environmental harm.
fast fashion
This climate agreement asks countries to set their own emissions targets.
Paris Agreement
Groups of countries that trade more easily with each other than with non members are called this.
Trade blocs
This measure of prosperity looks only at the total value of goods and services produced.
GDP
This economist believed governments should intervene in the economy during downturns.
John Maynard Keynes
This phrase describes countries lowering labour and environmental standards to attract business.
the race to the bottom
Name one major environmental concern related to the Alberta oil sands.
land damage, water pollution, or high greenhouse gas emissions
This worldwide economic crisis began in 1929 and led to mass unemployment.
Great Depression
This measure of prosperity includes education, life expectancy, and standard of living.
HDI
This economist believed free markets work best with minimal government involvement.
Friedrich Hayek
This practice involves dismantling ships in developing countries under unsafe conditions.
ship breaking
Name one climate related action Canada has taken in recent years.
carbon tax, deforestation pledge, or renewable energy investment
Name one criticism of free trade agreements like NAFTA or CUSMA.
job loss, environmental damage, or loss of national control
Governments use these to financially support certain industries or businesses.
subsidies
Why do some countries support free trade despite criticisms?
economic growth, lower prices, or increased trade
This occurs when governments reduce or eliminate rules controlling industries.
deregulation
Identify one reason why international cooperation on climate change is difficult.
economic costs, political disagreements, different levels of development, or lack of enforcement?