Social 10-1

NAFTA (North American Free Trade Agreement)

An agreement between the United States, Canada, and Mexico to eliminate trade barriers and increase economic cooperation among the three countries.

Bretton Woods Agreement

A post-World War II arrangement that established international financial institutions like the IMF and the World Bank to ensure global economic stability and cooperation.

IMF (International Monetary Fund)

An international organization that provides financial assistance and advice to member countries facing economic difficulties to stabilize global monetary cooperation.

WTO (World Trade Organization)

An international body that regulates trade between nations to ensure that trade flows as smoothly, predictably, and freely as possible.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects and reducing poverty.

Group of 8/10

A forum of the world's major industrialized nations that meet annually to discuss and coordinate economic policy.

Free Trade

The exchange of goods and services between countries without tariffs, quotas, or other restrictions.

Trade Liberalization

The process of reducing or eliminating trade barriers to encourage free trade among countries.

Global Compact

A UN initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies.

Deregulation

The process of removing government restrictions in an industry to allow for more competition and efficiency.

Outsourcing

The practice of contracting out business processes to external providers, often in different countries, to reduce costs.

NGO (Non-Governmental Organization)

A non-profit group that operates independently of any government to address social, political, or environmental issues.

Sustainability

Meeting present needs without compromising future generations' ability to meet their own, focusing on environmental, economic, and social dimensions.

Impact on the Environment from the Growth of Cities

Effects urban expansion has on the natural environment, including habitat destruction, pollution, and increased resource consumption.

Stewardship

Responsible management and care of the environment and natural resources to ensure their sustainability for future generations.

Sustainable Development

Development that seeks to meet present needs without compromising future generations' ability to meet their own, balancing economic, social, and environmental concerns.

Impact of Population Growth on Sustainability

The strain increasing human populations place on natural resources and the environment, making it challenging to achieve sustainable development goals.