Ch. 8 Flashcards
Define: Globalization
defined by Anthony Giddens as the intensification of worldwide social relations that link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.
Define: Economic Systems
the rules, mechanisms, institutions and systems of relations through which goods and services are distributed and people get what they want
Define: Neoliberalism
an economic philosophy that argues for minimal government involvement in the economy and greatly accelerated economic growth. Well being, neoliberal argue, is best served by liberating individual entrepreneurs to operate in a framework of strong property rights, free markets and free trade
Define: Free Trade
the removal of barriers to the free flow of goods and capital between nations by eliminating import and export taxes as well as subsidies paid to farmers and businesspeople. It may also mean reducing environmental or social laws when they restrict the flow of goods and capital
Define: Nation-State
a political community that has clearly defined territorial borders and centralized authority
Define: Nation
a collection of people who share a common language, worldview and ancestry
Define: Market externalities
costs that are not included in the prices people pay, for example, health risks and environmental degradation
Define: Transnational
involving more than one nation-state; reaching beyond or transcending national boundaries
Define: Multiculturalism
a term that Eva Mackey defines as a Canadian Policy in which all hyphenated cultures are described and celebrated as part of a “cultural mosaic.” Contrast with the “cultural melting pot’ image that is used in the United States
Define: Indigenism
refers to an international, collaborative movement that aims to protect the rights and livelihoods of indigenous peoples
