Vocab 1
A company hires an external organization or individual to perform tasks or services that were previously handled internally
Outsourcing
The act of refusing to buy, use, or participate in something as a way of protesting or putting pressure on a person, company, or country to change its actions or policies.
Boycott
Which economic system is most similar to companies moving jobs to other countries to save money and increase profits?
Capitalism
Promotes peace, human rights, and international cooperation
UN
A person who is anti-globalization would agree with the follow: "Transnational companies should have the power to influence local governments." T or F
True
Economic system: Exporting more than importing
mercantilism
Ex. Lvel of wealth, comfort, and material goods.
Standard of Living
This measures the total value of all goods and services produced within a country in a year.
Plays a central role in coordinating global responses to disease outbreaks, sharing medical data, and helping countries manage health emergencies.
WHO
"In a poor country like ours, the alternative to low paid jobs isn't well paid ones; it's no jobs at all." This quote would be pro-_____________?
globalization
Economic system were competition and profits are valued
Capitalism
A noticeable, often unfair difference or inequality between two or more things, people, or groups
Disparity
Trade agreement between US, CAN and MEX
NAFTA or CUSMA
Ex. The Red Cross
NGO
Who is the Mayor or St. Albert?
Scott Olivieri
Someone who is aware of and takes responsibility for their role in an interconnected world.
Global Citizen
Form of government where citizens participate
Democracy
Tax imposed by a government on imported goods or services as they cross national borders
Tariff
Created after WWII as an effort to rebuild the global economy and prevent another worldwide economic collapse.
The IMF and World Bank
FTAA → proposed trade agreement
Free Trade Area of the Americas
Which of the following Canadian organizations was established to supervise all aspects of Canadian broadcasting?
CRTC
The Canadian government believed that Canadian broadcasting needed to be supported and protected from the larger _______________ industry.
American
This can increase economic growth but often leads to pollution and resource depletion in developing countries.
Industrialization
Supports children’s rights, education, and health.
UNICEF
GATT → international trade agreement that reduced tariffs
General Agreement on Tariffs and Trade