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20 Cards in this Set
- Front
- Back
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Globalization
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Economic, political, cultural, and social transformations occurring throughout the world
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Free Trade
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Trade without barriers of any kind
**Although nearly all countries still have some barriers to trade** |
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Protectivism
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An economic strategy to limit trade. Governments construct "barriers" (such as tariffs and subsidies) to restrict trade in order to help their domestic businesses
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Comparative Advantage
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A business, person, or country with the resources to produce a good or service more efficiently than another
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WTO (World Trade Organization)
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An international organization aimed at expanding trade
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Why do some groups criticize the WTO?
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-Even though each country gets one vote, some have more power than others
-Richer countries have more strength in negotiating because their economies are larger and more important -Agreements do not do enough to make sure trade helps poverty |
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"Fair Trade"
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An alternative to free trade in which everyone has an equal opportunity for gain
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NAFTA (North American Free Trade Agreement)
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A regional trade agreement created to lower barriers to trade among North American countries
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Advantages of international trade...
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-Allows people to specialize in the production of goods and services in which they have the resources to be successful
-New markets to sell goods produced in the home country -Improving international relationships -Boosting economies of allies -Wide variety of less expensive goods |
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Negatives of international trade...
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-Can disrupt local economies
-People without critical resources (money, location, etc.) are less likely to gain |
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Tariffs
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Taxes on imported goods
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Subsidies
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Government gives money to certain industries so that those businesses can charge lower prices and be more competitive on the world market
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Positives of free trade...
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-Encourages trade
-Increased trade has the potential to make everyone better off -Goods become less expensive -Countries grow faster -Helps decrease poverty and inequality (better standard of living) -Dependency among countries |
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Negatives of free trade...
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-Developing countries have less developed industries and may be less able to compete
-Unfair because labor is much cheaper in poor countries (businesses move to those places and workers in rich countries lose jobs) -Losers outnumber winners -Losers are typically found among the working class and poor -Countries become too dependent -Economic downturns quickly become worldwide problems |
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Cambodian Genocide
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Pol Pot believed the people were too westernized and wanted a simple farming society.
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Holocaust
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Hitler and the Nazis blamed Jews for Germany's economic struggles and turned people against them.
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Armenian Genocide
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Turkish leaders targeted Armenians because they were a Christian minority.
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What did the Genocide Convention allow?
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It allowed foreign countries and organizations to examine internal affairs of countries. Outside countries could have say in the punishment of genocide criminals.
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What caused the White House to push for ratification of the Genocide Convention in 1986?
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President Reagan visited a German Nazi soldier cemetery in 1985 to demonstrate a solidarity with Germany. Many US citizens criticized and the Convention was ratified. Reservations to protect US sovereignty remained.
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Raphael Lemkin
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The man who devised the word "genocide." He also attempted to make it an international crime.
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