Globalization & Identity
Global trade, transnational companies and outsourcing all fall under this dimension of globalization
Economic
Example: You and 27 other people have the same shirt. We are all becoming the same.
homogenization
Two economic institutions that were formed at the Bretton Woods Conference
World Bank and the IMF
Organization that provides long term loans to countries who meet the required criteria
What is the World Bank
An economy free of government interference
Free Market economy
This occurs when there is a “fusion” of cultures/ languages, creating something new
Hybridization
What was the CRTC formed to regulate?
Canadian Content
A form of ethnocentrism that uses European ethnic, national, religious, and linguistic criteria to judge other peoples and their cultures.
Eurocentrism
The american dollar has essentially replaced this standard.
the gold standard
Economic theorist who developed the theory of capitalism
Who is Adam Smith?
Although not a true example, Wal Mart is as close as you can get to this exclusive economic phenomenon.
Monopoly
Sending financial aid to Tsunami victims in Southeast Asia is an example of
political globalization
Earliest trade route that connected Asia to Europe
the Silk Road
Economic theorist who believes that the government SHOULD NOT be involved in the economy; especially during times of crisis
Fredrich Hayek (or Adam Smith)
What countries are involved in NAFTA?
Canada, USA, Mexico
Characteristics about yourself like: what neighbourhood you grew up in, what kind of music you listen to, aspects of your appearance, languages you speak, your interests
example of individual identity
When a company hires another company to do some or all of its work. It usually involves hiring people in other countries which reduces the business costs.
outsourcing
Those who went to residential schools were abused in countless ways. Since they were raised in an abusive environment, many of them did not formally deal with that abuse and were never taught how to love or take care of their own children. Many survivors turned to alcohol and drugs to cope with their feelings and memories. This has a toll on former students children and the painful cycle continues.
intergenerational trauma
To eliminate tariffs and trade barriers
What is trade liberalization (through free trade agreements)
Commitment by numerous countries to reduce their green house gas emissions
What is the Kyoto Protocol
The mixing of cultures and identities to form something new. Give an example.
Hybridization
Policy used by the Canadian government that inspired the creation of residential schools
Assimilation
Name 5 countries involved in the G8
Canada, USA, France, Italy, Germany, Great Britain, Japan, and Russia
A measure of the economic prosperity of a country
Keynes economics believe government should play a large role during a ____________
Recession