Chapter 5&6 Test Flashcards
What is NAFTA?
The north american free trade agreement.
Who is involved in NAFTA?
Canada, USA and Mexico.
What is the population of Canada?
33.3 million
What language do Canadians speak?
English, French
What is the GDP of Canada?
1,501 billion
How many jobs are created in Canada with NAFTA?
4.3 million jobs.
What is the population of the US?
304.1 million
What language do they speak in the US?
English
What is the GDP?
14,441 GDP
How many jobs are created in the US?
25.1 billion
What is the population of Mexico?
106.7 million population
What is the language in Mexico?
Spanish
What is the GDP of Mexico?
1087 billion
How many jobs in Mexico are created?
9.3 million
What is the FTA?
Free trade agreement
What is the FIPA?
Foreign investment promotion and protection agreement
Countries in the FTA
Honduras, Chile, Korea, Lebanon
Countries in the FIPA
Argentina, Uruguay, Venezuela, Mali, Thailand, Russia, Poland, Romania
Countries in the EU
Sweden, Finland, Ireland, UK, Netherlands, Denmark, Belgium, Germany, France, Spain, Portugal, Italy, Macedonia, Greece, Turkey, Hungary, Romania, Bulgaria, Luxembourg, Poland, etc.
Countries that use the euro
Portugal, Spain, France, Italy, Finland, Estonia, Latuia, Lithuania
Advantages of NAFTA common currency.
Stability for exporters, importers, tourists, investors and creditors. Eliminates the risk of exchange rates and eliminates the cost and inconvenience of constantly converting currency. Common trade is less east west.
Disadvantages of NAFTA common currency.
Low canadian dollar, us customers are attracted to cheap.
WTO
- 164 members since july 29th, 2016
- rules of trade between nations
- wants trade to go smoothly, predictably and freely
- provide financial assistance to developing countries
- countries need to increase share
APEC (asia-pacific economic cooperation)
- 21 members
- 1989
- australia, chile, china, japan, etc.
- facilitate economic growth and prosperity in the region
- promoting regional economic integration
- encouraging economic and technical cooperation
- enhancing human security
G7
- largest industrialized democracies
- us, canada, france, germany, italy, japan and uk
- no russia
- discuss global economic governance, international security, and every policy
- trade more because most wealthy countries are involved
G20
- 19 countries + the EU
- address economic growth issues
- want more economic growth
- improve women’s economic empowerment
- strengthen resilience of the global financial system
OECD (organization for economic cooperation and development)
- 35 members
- promote policies that will improve the economic and social well being of people around the world
- enhance capacity of partner countries to incorporate migration
World Bank
- all countries or most
- have to join IMF
- economic development
- 12,700 projects
- pacific regional connectivity program
- madagascar, public finance, stability
- rapid employment solomon islands
IMF
- 189 countries
- foster global monetary cooperation
- secure financial stability
- facilitate trade
- reduce poverty
- carribean financial management
- strengthening national bank of ukraine
OPEC
- petroleum exporting
- algeria, angola, ecuador, gabon, iran, iraq, kuwait, libya, nigeria, qatar, saudi arabia, united arab emirates and venenzuala
- coordinate and unify petroleum policies
- develop innovative global monitoring products
What is CSR
corporate social responsibility
What is CSR
-voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner
CSR principles
- providing a safe and healthy work environment
- adopting fair labour policies
- donating to charity
- protecting the environment
- avoiding price discrimination
- being truthful in advertising
CSR benefits
- market yourself
- attract and keep good employees
- choose what to do
CSR criticisms
- cost money
- time and energy
- maybe not always ethical
why is roots international
- stores across the world
- international manufacturing facilities
how does roots follow CSR
- stringent workplace code of conduct
- high standards
- dignity, well being and rights of workers
- safe and healthy working conditions
how is roots involved in CSR
- jane goodall foundation (wildlife research)
- right to play (child development using sports)
- waterkeeper alliance (protect lake ontario)
what is imperialism
-a policy of extending a country’s power and influence through diplomacy
what is relativism
knowledge, truth and morality exist in relation to culture, society or historical context
NGO’s
non profit organizations which is mostly composed of volunteers
examples of NGOS are
free the children, fair-trade labelling organization, ten thousand villages, international organization for standardization and acumen fund
