Unit One Flashcards
What do critics say threaten global economic interconnection?
The soveirnity
The first example of contemporary economic globalization is
The Marshall plan( teacher said don’t worry about it
Socialism
Advocates that the way of production, distribution and exchange should be owned or regulated by the community as a whole
Market economy
An economic system in which production and prices are determined by unrestricted competition between private businesses
What are 3 functions of the International Monetary Fund?
Maintaining the stability of international currencies
Provide emergency loans to countries.
Structural adjustment programs
Why was the EU established?
For regional cooperation among states with the same goals in mind
What industry is not part of the knowledge economy
Textiles
What is global interdependence?
Mutual dependence between countries across the world
Why wasn’t the Kyoto protocol successful?
Economic concerns of countries outwheighed environmental responsibility
Primary goal of NAFTA
Cooperation through closer trade links
Movement to greater membership in the EU is a threat to what?
Economic and cultural dependence
By the mid 1990s Canada, Mexico and the United States they agreed to what?
Establish a free trade zone
NAFTA was an alliance between who?
Canada, US, Mexico 
NAFTA was drafted in what year? 
Canada + US - 1989
Mexico joined - 1994
Three points for supporters of NAFTA 
would create thousands of high-paying jobs
would raise living standards in all three countries
would improve environmental standards,