Chpater 2 Economy Pg 216-225 Flashcards
Who was in charge in 1967?
Daniel johnson
What happened in 1971?
Bourassa builds at James Bay (Jamesie)
What happens in the 1980s
Recession hits
Economy slows
Unemployment increase
Inflation increase
When did the recovery happen?
1990s
What does privatization mean?
Sell companies owned by government to regular people
What was created in 1994?
NAFTA
North American Free Trade Agreement
Which sector continues to grow?
Teritary
What does globalization mean?
A local company that becomes known worldwide
What does business delocalization?
Moving your company to an area of the world that has no labour laws to increase profit
What is pay equality?
Equal pay for men and women
What does economic nationalism mean?
A governement getting involved in the economy (intervene) to improve how citizens see their society