Chpater 2 Economy Pg 216-225 Flashcards

1
Q

Who was in charge in 1967?

A

Daniel johnson

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2
Q

What happened in 1971?

A

Bourassa builds at James Bay (Jamesie)

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3
Q

What happens in the 1980s

A

Recession hits
Economy slows
Unemployment increase
Inflation increase

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4
Q

When did the recovery happen?

A

1990s

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5
Q

What does privatization mean?

A

Sell companies owned by government to regular people

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6
Q

What was created in 1994?

A

NAFTA

North American Free Trade Agreement

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7
Q

Which sector continues to grow?

A

Teritary

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8
Q

What does globalization mean?

A

A local company that becomes known worldwide

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9
Q

What does business delocalization?

A

Moving your company to an area of the world that has no labour laws to increase profit

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10
Q

What is pay equality?

A

Equal pay for men and women

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11
Q

What does economic nationalism mean?

A

A governement getting involved in the economy (intervene) to improve how citizens see their society

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