Globalization Issue 3

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Across
  1. 4. ____________Woods Agreement, signed at the end of WW2 creating IMF, World Bank and GATT
  2. 5. Privatization is when a ____________ owned service is sold to a private company
  3. 7. originally called GATT, created after WW2 to lower tariffs and subsidies, thus increasing world trade
  4. 10. 2 or more countries reducing trade barriers is called trade __________________
  5. 13. Free trade agreements often limit ______________________ such as reduced transportation rates, reduced fuel costs, or tax breaks
  6. 15. A tool of economic globalization that focuses on research, technology and well-educated employees is the _______________ economy
  7. 16. provides short term emergency loans to countries
  8. 17. ________________obsolescence is when a product still works, but we don't want it any more because it is it of style
  9. 18. Sustainability is the ability to meet the needs of the _______________ without compromising ability of future generations to meet their needs
  10. 19. economic system that eliminates class differences and inequalities
  11. 21. The area of earth's surface necessary to sustain the level of resources used and waste created by a person is called an Ecological ______________
  12. 25. When a company is privatized, _______________ is more important than service to the public
  13. 26. free trade zone originally formed in 1989 to promote trade in the Americas, Pacific, and Asia
Down
  1. 1. ________________ of life includes both material and non-material factors
  2. 2. an economic system that favours free trade, competition and choice as a means of achieving prosperity
  3. 3. another term for trade liberalization
  4. 6. ________________ obsolescence deliberately designs products to fail so that a consumer will replace it more often
  5. 8. process by which the world's citizens are becoming more connected and interdependent
  6. 9. wealth and/or success
  7. 11. A tool of economic globalization that reduces costs by using suppliers of products, parts and services in less developed parts of the world
  8. 12. The World Bank provides ___________ term loans to needy countries to help develop natural resources and increase productivity
  9. 14. Savings produced by using and buying in large quantities is called an "economy of ___________"
  10. 20. Standard of living is the level of ________________ well-being enjoyed by a person
  11. 22. The first goal of the United Nations is to maintain _______________ and security
  12. 23. free trade zone between Canada, Mexico and USA
  13. 24. a special tax added to imported goods to raise the price, thus protecting a country's businesses from foreign competition