Redifinition of the state, Globalization and communications

Question 1

main aspects of neoliberalism

Answer 1

market-oriented reform policies:
- eliminates price controls
- deregulates capital markets
- lowering trade barriers

Question 2

explain deficit financing and social programs

Answer 2

the amount by which spending exceeds revenue over a particular period of time

social programs
- Public pension
- dental coverage
- student aid and education planning

Question 3

What were the main free trade agreements signed by canada

Answer 3

NAFTA (1994-2020)
USMCA (2019)

Question 4

positive consequences on free trade agreements

Answer 4

• increased economic growth
• foreign direct investment creates new jobs
• lower prices

Question 5

negative consequences on free trade agreements

Answer 5

• lack of employment from job outsourcing
• sub-standard working conditions
• low wages and can be bad for environment

Question 6

globalization of the economy

Answer 6

freedom of movement of
-capital,
-culture,
-tech,
-people
-products…

Question 7

how does globalization and communications tech have a connection

Answer 7

new tech has made it easier for people to access social media networks and communicate more efficiently