quebec economics Flashcards
what was quebec facing in the 1980s
deep recession
what was the unemployment rate in quebec while undergoing deep recession
12-15%
what actions were taken during the quebec recession
cuts were made to social programs (schools & hospitals) to reduce government expenses
which government train of thought was increased
neo-liberalism
what is neo-liberalism
a reduce amount of government intervention in business. greater privatization of govt services (hospitals, etc)
who expressed their opinion opposing neo nationalism
civil society groups
what did civil society groups believe in
they expected governments to work to reduce economic inequalities in the population (spend more money)
what is NAFTA
North American Free Trade Agreement
who was apart of the NAFTA (3)
Canada
USA
Mexico
when was the NAFTA
1992-1994
what was the NAFTA
no tarifs on goods made and traded with those 3 countries (usa, canada, mexico)
what did the NAFTA increase for canada
increased quebec’s and canadas globalization
what does globalization mean
a lot of trade between many countries around the world
what kind of goods and resources was quebec exporting
airplane engines, iron ore, oil
what was quebec inc
a group of large francophone/quebec based companies
