unit 3 Flashcards
World Bank
Focuses on the worlds poorest countries 1944
What happened to Germany’s economy after WW1
It went down fast because they lost the war
What are 2 systems to come out of Bretton Woods
The World Make and Gold Standard
What was the gold standard
Trade money for gold
Free Market
No government involvement
America
Fathers are hayek and Keynes
Fixed Market
All government involvement
China
Mixed Market
Some government involvement
Canada
Outsourcing
Movement inside of a company inside a country
Offshoring
movement outside of a company inside a country
In recent decades most manufacturing have moved from
West to Asia
Free Trade
Trading freely internationally
NAFTA
trading between canada mexico and usa
what has replaced NAFTA
USMCA
G8
8 of the most economically stable country that make decision for the rest of the world
Trading Bloc
a group of countries that work together to give each other better trading terms