KEY TERMS

Paris Accord

Is a treaty made that is internationally binding on climate change.

GATT

encourage world trade and turned into the WTO

Ecological Footprint

How much land and resources a person uses.

Stewardship

Caring about the environment and making sure that its resources can be sustained.

WTO

This international organization removes tariffs and regulates trade rules to make it more liberalized.

Maquiladoras

Manufacturing plants in Mexico are run by American and other foreign companies.

Tariffs

A tax needed to be paid in order to import or export a product.

Kyoto Protocol

Countries coming together to attempt to reduce greenhouse gas emissions.

NAFTA CUSMA

The north american free trade agreement gets ride of tariffs between canada, america and mexico so trade is easier between the countries.

Capitalism

No government involvement, free market and was created by John Maynard Keynes.

Economic Globalization

The spread of trade throughout the world.

E Commerce

Buying things on the internet.

Knowledge Economy

People who use research, education, etc for practical purposes.

Sustainable Prosperity

Practicing stewardship for the sake of our future generation.

Privatization

The process of government owned things being bought by companies, making it more of a market economy.

Trade Liberalization

Reducing barriers to trade.

World Bank

Creates long term plans to fix a countries economy.

Sustainability

The ability of the earth's resources to meet people's needs.

Disparity

unequal treatment of people

Communism

Heavy government involvement an idea created by karl Marx.

Resource Gap

The gap between how much resources a person consumes vs how much the earth can actually supply.

Prosperity Measures

Gross Domestic Product/capita \n Human Development Index \n Genuine Progress Indicator \n Quality of Life vs. Standard of Living

Criticisms of the IMF

Conditions of loans: move towards the free-market system, reduction of trade barriers, austerity measures. \n Can fund corruption \n Puts $ over people

Joseph stalin

**Became the absolute rulers of the Soviet Union**

**Transformed the U.S.S.R. into an industrial and military giant**

**Set production schedules for farms and industry**

* **Hundreds of thousands were forced to work in mines and factories/construction sites**
* **Farmers were forced to grow grain on collective farms**

World war I

caused by the assassination of franz ferdinand

put germany into a lot of debt

1914-1918

World war 2

caused by germany invading poland. Which caused the other allies to habe to join in because of NATO

1939-1945