Ethnicity and Ethnic Tensions
A shared identity based on culture, ancestry, language, religion, and identity
What is ethnicity?
Its price affects everything
What is oil?
A type of policy that focuses on the government's spending, taxes, and how much spending happens in the economy.
What is fiscal policy?
This country became very important in globalization because many companies produce goods there more cheaply
What is China?
Koreans, Jewish people, Roma, and Native Americans are all examples of this
What are ethnic groups?
This country sells the most oil
What is Saudi Arabia?
Taxes placed on imported goods from other countries
What are tariffs?
These organizations help workers negotiate for better pay and conditions, but some countries only have ones run by the government. China is an example of this.
What are unions?
Groups blaming each other for problems can make these worse
What are ethnic tensions?
The three ways you would get oil before globalization
What is colonizing another country to get its oil, producing it in your country (you already have oil), and making a trade deal with an oil company?
These can help lower costs for certain businesses or industries.
What are subsidies?
One ethical issue connected to globalization that makes our products cheaper.
What is forced or child labor?
Some Serbs and Croats feared becoming this after Bosnian independence
What are minorities?
Many U.S. refineries were originally designed to process this type of oil instead of shale oil
What is heavy/sour oil?
Policies that stop certain goods from being sold to other countries
What are export restrictions?
Apple was criticized for using too many of these workers in 2025
What are dispatched workers?
Questions about independence, territory, political power, and ethnic identity helped cause conflict in this country after 1992
What is Bosnia and Herzegovina?
This type of oil allowed the United States to become one of the world’s largest oil producers again.
What is shale oil?
Tariffs, sanctions, export restrictions, and import quotas are all examples of this type of policy.
What is trade policy?
One argument in favor of globalization was that governments should not force companies to make these kinds of choices
What are financial/business decisions?