Unit 1: Globalization
What does collective identity mean?
The common characteristics and values that define a GROUP.
Cultural contact is when...
Two cultures meet for the first time/come into contact with one another.
When people have to pay for their healthcare, it's called...
privatization
Inflation is when...
prices increase and the value of money decreases
What global organization created the Declaration of Human Rights?
The United Nations
How would you define Globalization?
The process where people and countries around the world are becoming more and more connected.
Mercantilism can be defined as...
A system of trade where the monarchy sets up colonies around the world and controls them from their throne.
189 countries organized this fund.
IMF (International Monetary Fund)
The Canadian government gave this to farmers to help them stay afloat.
Subsidies
What is Quality of Life?
The stuff you can afford to buy + your happiness, safety, etc.
Everyone around the world has tried Coca-Cola. This is an example of what process?
homogenization
A treaty is...
A legal agreement that designates land and resources to specific peoples.
Free trade is when...
trade between countries has only light restrictions on it.
Is oil a renewable or non-renewable resource?
Non-renewable
What is Standard of Living?
The stuff you can afford to buy.
Point of view means...
The way you think about something
Imperialism is when...
A country tries to take over as many other countries as they can.
Sustainable development means...
development that can be done long-term and is responsibly done.
Transnational corporations do what with their labour?
Outsource
What does the term "life expectancy" refer to?
The average age a person is predicted to live until, by country.
The digital divide is what?
The gap between people who have access to internet and tech and those who do not.
The first trade route was called...
The Silk Road
The 3 countries that are part of NAFTA.
Canada, US, Mexico
A tariff is a tax that limits what?
foreign imports
What is an NGO? Define it and give an example.
Non-governmental Organization. Example: Red Cross, Amnesty International, etc.