Across
- 3. this British economist’s ideas form the foundation for government spending and taxation and he influenced many Western economies to reform capitalism
- 5. this is the careful and responsible management of something entrusted to one's care. As seen in the textbook, people who believe in this feel a responsibility to protect and tend the earth to keep it healthy for future generations.
- 8. this economist’s ideas were that global economies should not be controlled by the government and need to have less government control and his ideas are seen when countries around the world privatize, cut spending, and reduce regulations
- 12. this agreement established a system of rules, institutions , and procedures for the postwar global economy
- 13. this organization includes free trade of goods and services, the free movement of capital and labour, and a common currency. Trading partners outside this trading bloc are subject to a common set of trade restrictions. This organization functions for Europe.
- 19. this trade describes the process of reducing barriers to trade
- 20. this aid describes financial aid given to a country directly
- 21. provides loans to less developed countries that are in financial difficulty and these countries are usually required to meet certain political and economic conditions
- 22. this is the sale of government-owned businesses and services to citizens
- 26. this is the strongest form of regional integration in order to improve the economies of member countries
Down
- 1. this is when a country prints more money but the money buys less because there is too much of it
- 2. this global economic agency of the UN operates on the ideas that no special advantages should be given to countries, a country can protect domestic trade with tariffs, and countries can negotiate on the removal of trade restrictions once a member of the agency
- 4. this involves opening an industry to more competition by removing government rules
- 6. this agency works to improve trade relations among the countries of the world by removing tariffs and other barriers to trade (intials)
- 7. the ability of something to be maintained is given this term. As we have studied, it raises the issue of whether we can maintain our consumption of resources
- 9. this group, now changed to the G7 since 2014 after Russian was expelled, was a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, Russia and the United States. Its members belong to the IMF and World Bank and influenced policies of the WTO. This group was often criticized around the world for representing the elite and not considering the rest of the world in their policies.
- 10. this meant that all printed money would be convertible to gold and could be cashed for that gold
- 11. this type of economy didn’t expand globally as easily as the free market because it didn’t encourage profit and governments controlled all aspects of it
- 14. this regional agreement between Canada, Mexico, and the USA has been replaced with the USMCA in the USA, or CUSMA in Canada. The agreement promises to remove tariffs from certain products, remove restrictions from certain industries (dairy), and open up markets for export (online shopping) (initials)
- 15. when countries give this aid, they are avoiding making a political decision as they provide funds to international organizations that do global work
- 16. this term indicates that globalization has led to people moving from rural to cities as cities offer globally more services, employment, and economic opportunities
- 17. this is how the IMF is funded and this payment is based on the wealth of a country as wealthier countries pay more
- 18. this type of funding makes trade difficult to conduct because a country helps to finance part of the price for a certain domestic good in order to make it cheaper when exported to other countries
- 23. this agency works together with the World Bank to bring stability to international monetary affairs and to help expand world trade (initials)
- 24. this non-profit and sometimes international organizations usually doesn’t involve the government (even though the government might give it financial assistance) and includes agencies like the Red Cross, Greenpeace, OXFAM
- 25. this aid is given during times of natural disaster or other
- 27. the main objective of this regional organization is to improve its member countries’ economies by opening markets, promoting economic development, and conserving the environment. It mostly serves South America.