Unit 1
A business that operates in two or more countries.
What is a Transnational corporation?
What is a Multinational corporation?
When one country control the politics, economics, and social structures of another nation. Usually involves seizing land and resources through conflict and warfare, and imposing political control.
What is colonialism/imperialism?
Emerging as a prominent business strategy in the 1980's, this business practice involves a company sending part of its production process overseas.
What is outsourcing?
The characteristics and values people use to define themselves.
What is individual identity?
A person who was the last of the Beothuk people and has been credited with preserving their culture through a series of illustrations.
Who was Shawnadithit?
This phenomenon occurs when a minority culture is absorbed/forced into a majority culture.
What is Assimilation?
The belief that European worldview was superior to all others.
What is Eurocentrism?
This community of nations has a majority of the world's oil reserves and regulates oil production and markets globally.
What is OPEC?
Bonus 100: What does OPEC stand for?
The common characteristics and values used to define a group.
What is collective identity?
Name one factor that affects the global economy.
Economic uncertainty, government economic policy, Price changes for non-renewable energy, Changes in investors confidence, Natural Disasters, War, Famine.
A process through which unique cultures regain a sense of identity, such as through promoting heritage languages or reviving traditions and customs.
What is cultural revitalization?
A system of government sponsored international business ventures designed to make Monarchs rich
What is Mercantilism?
To heck with the government! This economist was a big promoter of the idea that role of government in the economy should be limited and free market economy should be largely unimpeded.
Who is Friedrich Hayek?
In the system of triangular trade established during the age of imperialism, this "product" was EXPORTED from Africa and IMPORTED to the Caribbean/North America.
What are slaves?
Name one of the "fathers" of capitalism.
Adam Smith, John Stuart Mill, David Ricardo, Thomas Malthus
This organization is responsible for regulating the amount of Canadian Content broadcast over Canadian TV and Radio stations.
What is the CRTC?
This is an economic system based on free markets, private ownership of business and industry, and the idea that people are motivated to profit and succeed
What is capitalism?
Setting the tone for modern economic globalization, this event/phenomenon served as a foundation of economic globalization.
What is the establishment of an international monetary system?
What is the creation of the world bank/IMF?
What is the end of the cold war/expansion of free market economy?
What is the impact of new technology on global movement of $?
A helping hand from Big Brother is just what the world needs! This economist called for a larger role for the government in the economy. He argued that the government should artificially increase demand to boost economic growth and lift an economy out of a recession.
Who is John Maynard Keynes?
An organization who is primarily responsible for settling trade disputes among governments and organize trade negotiations and meetings
What is the World Trade Organization?
This form of skin decoration/carving is of spiritual and cultural significance to the Maori people of New Zealand.
What is ta moko?
A time of great change in Europe. The production of goods shifted from the home and small craft shops to large factories using machines to produce goods. It was also characterized by a period of urbanization.
What was the industrial revolution?
This agreement was made in order to help countries recover following WWII and proposed that countries would maintain a fixed exchange rate pegged against the gold standard.
What is the Bretton Woods Agreement?
This traditional court system of community justice developed in Rwanda as a response to the brutal legacies of genocide and imperialism.
What is a Gacaca court?
This method of natural gas extraction/mining involves drilling into a layer of shale rock and pumping fluid underground to force the gas to surface. It is considered controversial due to the environmental damage it can cause.
What is hydraulic fracking?