Chapter 2 - Canada's Role In Global Sustainability Flashcards
Canada’s comparative advantage has evolved from a _______________ economy to potential dominance as ________ economy
broadly based resource economy to potential dominance as an energy economy
Canada is the ___th largest oil producer in the world.
6th
Resource dependency
The tendency of human communities to depend on the extraction and/or production of some element of the natural environment to meet material and economic needs.
Dependency theory
Theory that suggests that the rich, developed countries control poorer countries in such a way that economic conditions in the latter worsen over time, in previous centuries under imperialism and colonialism and currently under global capitalism and integration in the world economy.
Staples Theory
Stipulates that economic growth is driven by the export of traditional commodities (i.e. natural resources), which risks creating a relationship of dependency with more advanced economies.
According to Innis (1946), how does globalization enable resource extraction and degradation?
It enables products, ideas and consumer demand to travel faster across space.
Rampant development would be encouraged
Dependency theory
Theory that suggests that the rich, developed countries control poorer countries in such a way that economic conditions in the latter worsen over time, in previous centuries under . imperialism and colonialism and currently under global capitalism and integration in the world economy.
Staples Theory
Stipulates that economic growth is driven by the export of traditional commodities (i.e. natural resources), which risks creating a relationship of dependency with more advanced economies.
Comparative Advantage
An economy’s ability to produce a good at a lower cost than competitors, thereby maximizing its ability to generate profit, usually based on a combination of factors including land, labour, and capital.
Neo-liberalism
An ideology that promotes the unrestricted exchange of goods and services to create wealth within a self-regulating global market of demand and supply. It became dominant in the 1970s, and stresses the efficiency of private enterprise, free global trade and open markets, and minimizing the role of the state while maximizing the role of the private sector and market mechanisms to determine collective priorities.
4 critical success factors for innovative climte action
Systematic frameworks for policy making and implementation
Institutionalization
Partnering
Innovative financing solutions
Core-periphery
The view that the world is divided into relatively few wealthy core regions that dominate the global economy, with the majority of nation-states belonging to a periphery that is economically and politically weaker and under the influence and/or control of the core.
4 dismensions of globalisation
Extensity
Intensity
Velocity
Impact (wider, deeper, faster integration and impact)
GLobaization is driven by…
economic shifts
technological shifts
political shifts
cultural shifts
Uncertainty relates to..
Relates to the degree and quality of knowledge about a certain phenomenon or issue
