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, 
Three points for opponents of NAFTA 
- Thousands of jobs leave Canada for the USA Mexico.
- Would lower employment rates in all three countries
- With negatively affect, health environment and safety in all countries, 
The left wing part of the WTO would cease if the organization did what?
Began to enforce fair worldwide labour standards and environmental standards
Reasons why TNCs invest in third world countries
Gain assured added to raw materials
Access to local markets
Cheap labour
Escape environmental and other controls on their Activities
Present day economic system of Wealthy countries?
The knowledge economy
What is the GPD of a countrie?
A measure of the health of a countries economy
Why can GPD be misleading?
It includes the children’s income even though they don’t work or event very much
What is social globalization ?
Like a big exchange of customs, beliefs, and ways of like that happens on a global scale
What is media convergence
When different media forms, technologies, and platforms into a unified system
What is assimilation
When a minority group adopt the culture of a dominant culture so they become part of that culture( indigenous vs settlers)
What is hybridization
The blending or mixing of different cultures into one place( calagry is very diverse in culture
What is homogenization
When different cultures become similar and more uniform over time
What is jntergaration
When different cultures blend their elements within a society
What is accommodation
The relationship between different groups within a society ( diversity and inclusion )
What is the crtc
Federal regulatory agency responsible for regulating and overseeing aspects of the Canadian broadcasting systems
What is the CBC
Public broadcaster owned by the government and it plays a big role in shaping and reflecting Canadian culture
What is cultural globalization 
The interconnectedness exchange and blending of cultural elements, ideas and practises throughout the whole world 
What is political globalization? 
Interconnectedness, interdependence, and influence of political processes across the world 
Who are the Inuit? 
Indigenous people of Canada, with distinct, cultural, heritage, history and way of life (one of the three main indigenous groups in Canada)
Who are the Metis

The children from a European settler, and a indigenous person 
Who are the Beothuk?
Indigenous people who historically lived on the island of Newfoundland, known for culture, language, and art 
Who are the first nations? 
The first nations were the first people of Canada 
Who are Francophones?
People who’s first language is French
