Social 10-1 Related Issue #3 Sustainable Prosperity

purchase of buildings, equipment, resources, etc in one country by those in another country

Selling a public/gov't owned service

area of the earth's surface needed to sustain the level of resources used & waste created

an event that has greatly shaped economic globalization today

an international organization that provides short-term, emergency loans to countries

which of the following is a tool of economic globalization?

reducing costs by using suppliers of products, parts and services in less developed countries

countries reducing trade barriers such as tariffs and subsidies

what factor contributes to expanding economic globalization?

a special tax added to imported goods to raise the price; done to protect local factories/jobs

A transnational corporation is one that

Trade which emphasizes worker-owned small businesses, fair wages, unions, safety standards, etc

Shipbreaking is an example of both:

An attempted agreement to promote global sustainability

savings that are achieved by producing, using, and buying in large quantities

created in 1995 from GATT, with countries agreeing to lower tariffs and subsidies

being able to meet needs of the present without compromising ability of future to meet needs

an economic system in favour of free trade, competition and choice as means to prosperity

business/individuals who use research, education, info technologies; well educated, high paid

agreement by victors in WW2 which lay foundation for institutions of modern globalization