Globalization Basics
What term describes the increasing interconnectedness of countries through trade, technology, and culture?
Globalization
What organization provides long-term loans for development projects?
World Bank
What term describes countries depending on one another economically?
Interdependence
What term means responsibly caring for resources and the environment?
Stewardship
What is the capital city of Canada?
Ottawa
What agreement removed many trade barriers between Canada, the United States, and Mexico?
NAFTA
What organization gives short-term loans to countries facing financial crises?
IMF
What do critics say transnational corporations have too much of over governments?
Influence / Power / Control
What idea means meeting current needs without harming future generations?
Sustainable Prosperity / Sustainability
What is the largest ocean on Earth?
Pacific Ocean
What process occurs when companies move jobs to another country to reduce costs?
Outsourcing
What group is made up of major industrialized nations that discuss global economic issues?
G8
What economic system is based on private ownership and profit?
Capitalism
What international agreement focused on reducing greenhouse gas emissions?
Kyoto Protocol
Who invented the telephone?
Alexander Graham Bell
What organization promotes international trade and settles trade disputes?
WTO
What organization is a political and economic union of European countries?
European Union (EU)
Which economist supported free markets and less government involvement in the economy?
Friedrich Hayek
What term describes using up resources faster than they can be replaced?
Resource Depletion
What international organization was created after World War II to help maintain peace and cooperation between countries?
United Nations (UN)
What agreement created the postwar global economic system after WWII?
Bretton Woods Agreement
What organization works to improve economic cooperation and living standards around the world?
OECD
Which economist believed governments should intervene during economic downturns?
John Maynard Keynes
What industrial disaster in Bangladesh highlighted poor working conditions in global clothing factories?
Rana Plaza Collapse
What invention by Johannes Gutenberg helped spread ideas quickly during the Renaissance?
Printing Press