Related Issues 3 Name



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Related Issues 3

Name:________________

Ch.9

Important Dates



Terms

Economic globalization: __________________________________________________________________________________________________________________________________________________________________________

Reparations:

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Communism:

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Economic depression:

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Market economy:

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Transnational corporations:

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World War I

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Roaring Twenties:

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Russian Revolution:

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Great Depression:

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Collectivization:

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Imperialism:

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John Maynard Keynes

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Keynesianism

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Fredrich Hayek

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Monetarism

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GATT:

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World Trade Organization:

__________________________________________________________________________________________________________________________________________________________________________

Bretton Woods:

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World Bank:

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International Monetary Fund:

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Cold War:

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Short Answer

1. People who believe globalization is all about economics think that globalization is founded in the following economic systems?

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

2. Complete the following table



Economist/author/Journalist

Views on Economic Globalization

William Tabb





Joseph Stiglitz





Naomi Klein





3. What has allowed transnational corporations to gain more economic power?

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4. How might economic globalization create instability?

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5. How might economic globalization create stability?

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6. How did imperialism cause World War I?

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7. Early in the war, people had expected a ____________________ victory.

8. What were some of the economic costs of WWI?

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9. What was the Treaty of Versailles supposed to do?

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10. What did John Maynard Keynes say the harsh reparations would cause?

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11. How did WWI influence Canada economically?

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12. Who was the Russian ruler in 1914?

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13. What type of government did the Russian ruler of 1914 have?

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14. What was life like for a Russian peasant during the early 19th century?

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15.Who was the world’s first communist state?

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16. The Communist Party controlled the ______________________ and the _______________________ - farming, industry, transportation.

17. How did Stalin industrialize the USSR so fast?

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18. What did many countries experience during the 1920s?

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19. What is Black Tuesday?

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20. How did Black Tuesday start a chain reaction in what would cause the Great Depression?

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21. What did countries do during the Great Depression to protect their own industries?

__________________________________________________________________________________________________________________________________________________________________________

22. How did the Great Depression effect the Canadian prairies?

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23. What did Hitler do to Germany’s parliament once he was elected leader?

__________________________________________________________________________________________________________________________________________________________________________

24. How did World War II influence Canada’s economy?

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25. After World War II Britain, the United States, Canada and other countries wanted to create an organization that would allow what four points to ensure there was never another world war?

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

26. What international organization did they end up creating after WWII?

_____________________________________________________________________________________

27. What ideology did Keynes blame for the economic problems that the world faced after World War I?

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28. What did Keynes believe a government should do during a recession?

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29. Who disagreed with Keynes’s economic idea?

____________________________________________________________________________________

30. What did Hayek believe the government should do to help the economy?

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

31.Complete the following table

World Bank and IMF

Critics

Supporters







32. After World War II what type of government and economic system did the United States have?

_____________________________________________________________________________________

33. What type of government and economic system did the USSR have after WWII?

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34. What was the economy like in the 1970s?

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35. Which politicians did Hayek and Friedman influence with their economic theory?

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Ch.10

Terms


Outsourcing:______________________________________________________________________________________________________________________________________________________________

Containerization:____________________________________________________________________________________________________________________________________________________________

Trade Liberalization: __________________________________________________________________________________________________________________________________________________________________________

Free trade: __________________________________________________________________________________________________________________________________________________________________________

World Trade Organization:

__________________________________________________________________________________________________________________________________________________________________________

Consensus: __________________________________________________________________________________________________________________________________________________________________________

Sanctions:

__________________________________________________________________________________________________________________________________________________________________________Questions

1) Explain how technology has impacted trade. (2)

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

2) What type of materials did developing countries usually supply? (1)

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3) How does Just-in-time delivery help companies save money? (1)

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4) What are two advantages of Free Trade? (2)

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5) What are two negative effects of the WTO (World Trade Organization) using a consensus to make decisions? (3)

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6) What are four criticisms of the WTO? (4)

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7) What is 2 pieces of evidence that disprove some of the criticism? (2)

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8) What is the North American Free Trade Agreement? (2)

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

9) What is the EU? (2)

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10) Give an example of how the EU goes farther than other free-trade agreements. (2)

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

11) What are some industries that are dominated by transnational corporations? (1)

_____________________________________________________________________________________

12) How does transnational companies’ ability to relocate affect a countries government? (3)

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

13) What shift did liberalized trade cause in the 1990s? (1)

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Chapter 11 and 12

Name:____________________

Terms


Ecological footprint: __________________________________________________________________________________________________________________________________________________________________________

Sustain:


__________________________________________________________________________________________________________________________________________________________________________

Sustainability:

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Stewardship:

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Flag of convenience:

__________________________________________________________________________________________________________________________________________________________________________

Hectares:

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Sustainable prosperity:

__________________________________________________________________________________________________________________________________________________________________________

Knowledge economy:

__________________________________________________________________________________________________________________________________________________________________________

Privatization:

__________________________________________________________________________________________________________________________________________________________________________

Global climate change:

__________________________________________________________________________________________________________________________________________________________________________

Questions

1. How much productive land is available for each person living on earth?

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2.What is the resource gap?

__________________________________________________________________________________________________________________________________________________________________________

3. How does population growth affect sustainability?

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4. What are two environmental problems caused by the ship industry?

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5. What are some advantages of flagging out?

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6. How would international laws improve the shipbreaking industry?

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7. What is the Kyoto Protocol?

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

8. Why are some people opposed to the Kyoto Protocol?

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9. What are some barriers of the Alberta Tar Sands?

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10. Give an example of how governments or organizations are trying to use alternative energy sources.

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11. What are some problems that exist with alternative energy sources?

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12. What is the Green Belt Movement?

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Ch.12

13.How is GDP used to measure prosperity?



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14. What is one reason why GDP may not be a reliable factor to use when determining prosperity?

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15. What is the Human Development index used for?

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16. What three things are used to determine Human Development Index (HDI)?

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17. Why was the HDI created?

__________________________________________________________________________________________________________________________________________________________________________

18. What is the purpose of the Gross national happiness index?

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19. Why would the GPI be a better alternative to the GDP?

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20. What are some challenges that are associated with the knowledge economy?

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21. How are robots affecting the economy?

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22. Why is privatization an important part of trade liberalization?

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23. What are some consequences of privation?

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24. What are some reasons why water should be privatized?

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25. What are some reasons why water should not be privatized?

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26.What is the purpose of the millennium development goals?



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