International Organizations | Global Trade | Rivoli | Miscellaneous | Miscellaneous |
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What is the Bretton Woods Institutions
The Organizations created near the end of WWII to support the redevelopment of Europe and the creation of a global economic architecture to promote stability.
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What is a tariff?
A tax imposed on imported goods
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What is the Bracero Program?
A program that allowed the short-term import of workers from Central America for agricultural purposes.
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What is the Triangle Shirtwaist Company
The Tragic fire that killed hundreds of textile workers in Lower Manhattan.
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What is McDonald's?
The Jamaican fast-food restaurant.
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What is the IMF
An international organization whose main mission is to promote global financial stability.
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What is a subsidy?
Aid in the form of money, price controls, or tariffs provided to domestic producers.
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What is the Hukou System?
A legal system that restricts internal movement in China. One's registration status affects the resources available.
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What is Sharecropping?
A system where a tenant is allowed to farm land in exchange for a portion of the harvest.
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What are bananas?
Jamaica's top agricultural export
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What is the World Bank
An international organization whose main mission is to reduce global poverty and promote economic development
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What is protectionism?
An economic strategy designed to promote domestic industries from external competition.
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What is a monopsony?
Where there is only one buyer of a given product.
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What is Austerity?
An series of economic policies designed to limit public spending.
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What is "devalue currency?"
The financial prescription mandated by the IMF and the Inter-American Development Bank.
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What is WTO
An international organization whose main mission is to promote free trade.
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What is an Export Processing Zone?
Territory exempt from domestic legal policies.
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Who are the floating people?
Rural migrants to China's cities who do not have access to municipal services.
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What is a supply chain?
A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer
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What is neoliberalism?
An economic philosophy that encourages privatization, free trade, and minimal government intervention in the economy.
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What is the International Bank for Reconstruction and Development
The initial name given to the World Bank
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What is the race to the bottom?
International competition to lure global capital to places with lower costs of production.
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What is Kuznets Curve?
An economic theory suggesting that public appetite for environmental and social protections will grow as income rises.
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What is the enclosure movement?
The removal of common rights that people held over farm lands and parish commons
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What is structural adjustment?
The restrictions imposed on Jamaica in exchange for IMF loans.
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