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37 Cards in this Set
- Front
- Back
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Sustainable Prosperity |
Practicing stewardship of the environment and its resources so that future generations are able to achieve prosperity. |
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Sustainable Development |
Development that meets people's needs in the present without compromising the ability of future generations to meet their needs. |
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Knowledge Economy |
businesses and individuals who use research,education, new ideas, and information technologies for practical purposes. |
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Privatization |
The selling of a public service, such as electricity delivery or health care, to a private company so the service is no longer owned by the gov’t. |
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Global Climate Change |
Small but steadily changes in climate around the world. |
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Measures of Prosperity |
GDP’s are used to measure Prosperity. |
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Economic growth |
An increase in the amount of goods and services produced per head of the population over a period of time. |
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Trade liberalization |
A process that involves countries removing or reducing trade barriers, such as tariffs and quotas, so goods and services can move around the world more freely. |
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Knowledge Economy |
businesses and individuals who use research,education, new ideas, and information technologies for practical purposes. |
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Foreign Investment |
Flows of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets. |
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Millennium Development Goals |
Goals developed by the United nations. |
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Climate Change |
A change in global or regional climate patterns |
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Government Policies |
Activities that relate to influencing the actions and policies of a government or getting and keeping power in a government |
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Global Interdependence |
Mutual dependence at a global level. One country depends on another country for something and that country may depend on another country, which eventually creates global interdependence. |
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Gross Domestic Product (GDP) |
The value of all the goods and services a country produces in a year. GDP is often used to measure the strength of a country's economy |
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Human Development Index |
A tool developed by the United Nations to measure and rank countries' levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capital. |
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Subsidizing Farmers |
An agricultural subsidy is a governmental subsidy paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities. |
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New Technologies |
The branch of knowledge that deals with the creation and use of new technical means |
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Privatizing Water |
Selling water to the public. This is owned by a company |
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Foreign Investment |
Flows of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets. |
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Global Climate Change |
Small but steadily changes in climate around the world. |
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Communism |
An economic and political system whose purpose is to eliminate class distinctions. Everyone would work for the benefit of all and would receive help as he or she needs it. |
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Reparations |
The act of making amends for wrongdoing. Reparations may include payments made by a defeated enemy to countries whose territory was damaged during a war. |
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Economic Depression |
A period of low economic activity accompanied by high levels of unemployment. |
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Market Economy |
An economy in which government regulations are reduced to a minimum and businesses are free to make their own decisions |
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Economic Globalization |
The spread of Trade, transportation and communication systems around the world in the interest or promoting worldwide commerce. |
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Outsourcing |
A business strategy that involves reducing costs by using suppliers of products and services in countries where labor is cheaper in government regulations may be less strict |
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Containerization |
The transporting of goods in standard sized shipping containers |
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Trade Liberalization |
A process that involves countries in reducing or moving trade barriers such as tariffs and quotas so goods and services can move around the world more freely |
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Free Trade |
The trade that occurs when two or more countries eliminate tariffs and taxes on the goods and services that they trade with one another |
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Consensus |
Reaching a General agreement |
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Sanctions |
A penalty often and economic penalty such as a trade boycott taken to pressure a government to agree to carry out certain actions or follow certain rules. |
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Ecological FootPrint |
The area of the Earth's surface necessary to sustain the level of resources a person uses and the waste he or she creates |
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Sustain |
To provide the basic necessities needed to support life |
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Sustainability |
The degree to which earth is able to provide the resources necessary to meet people's needs |
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Stewardship |
Accepting responsibility for ensuring that the earth's resources remain sustainable |
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Flag of Convenience |
A flag flown by ships when they are registered in a country that is not the country of their owner. |
