Sustainability
Rising temperatures around the world.
What is global warming or climate change?
All of our zones of different regulations and trade restrictions fall under the umbrella of ________.
What are manufacturing zones?
Taxes levied on imported goods.
What are tariffs?
___________has skyrocketed in the last century.Rising from about 60% of the world’s GDP in 2018 compared to about 25% in 1960.
What is international trade?
Composed of three or more countries coming together to establish policies to address an international challenge.
What are supranational organizations?
Seeking to not deplete the ocean's fisheries some seafood is now sourced through _______.
What is sustainable fishing?
These are usually placed near important harbors or major trade routes and provide an area where companies can import materials, manufacture goods, and export products free from usual taxes and regulations.
What are free Trade zones (FTZs)?
A country’s relative cost advantage in producing certain goods and services for trade.
What is comparative advantage?
Goods being delivered to manufacturing facilities when they are needed for short-term production, so companies avoid the cost of storing extra materials at their facilities.
What are just-in-time deliveries?
Focused on automation, standardization, economies of scale, and a division of labor in which each worker has just one task.
What is Fordism?
Travelling with sustainability in mind.
What is ecotourism?
In these sites manufacturing exports do not have tariffs.
What are export processing zones (EPZs)?
Refers to the mutually beneficial trade between two countries.
What is complementary trade?
Where certain functions or production is being performed in a different country than where the company is based.
What is offshore outsourcing?
Governments may seek to boost trade with another country by creating a __________ such as NAFTA, which eliminate tariffs and boost trade between countries.
What are free trade agreements?
Definition of sustainability.
What is meeting the population's needs while preserving resources for future generations?
An area within a country that is subject to different economic regulations than other areas.
What are special economic zones? (SEZs)
The belief that open markets and free trade across the globe will lead to economic development everywhere, lessen tensions between countries by fostering support for common values, and spread democracy and human rights.
What is neoliberalism?
Globalization has helped lead to _________in many core countries with aging infrastructure and manufacturing processes.
What is deindustrialization?
Refers to the opportunities and economic gains that can occur from new economic developments.
What are multiplier effects?
When a company tries to appear sustainable without making much of a real impact.
What is green washing?
Area of Laos, Thailand, and Myanmar where a Chinese businessman has exploited lack of regulation to allegedly run a criminal empire.
What is the Golden Triangle?
These are places of high economic activity clustered around one or more high-growth industries that stimulate economic growth by capitalizing on a special asset.
What are growth poles?
System of production that relies on automation through the use of robots and computer systems and is centered on low-volume manufacturing and flexible systems that allow for rapid responses to changes in the market.
What is Post-Fordism?
Governments cutting spending while often increasing taxes.
What are austerity measures?