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26 Cards in this Set
- Front
- Back
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What is Outsourcing?
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When a someone contracts someone else to provide a certain service.
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What is off-shoring?
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The relocation by a company of a business process from on country to another. Typically to save money.
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Describe outsourcing education.
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Parent who want their kids to be successful when taking the SAT or just in school can hire Indian tutors to help their kids via the internet for a mere 20 dollars a session. Much cheaper than tutors or SAT prep programs here in the USA.
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Describe commercial surrogacy.
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U.S. women who can't have children, don't want to get "fat", etc. are paying women from India to carry their child for them. This is a kind of win-win situation because the women from India make more money than they could make in a year, and the women from US get to have their child.
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What is human trafficking?
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The recruitment, transportation, harboring, or receipt of people for the purposes of slavery, forced labor (including bonded labor or debt bondage), and servitude. Many women are trafficked into the sex-slave industry.
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What is the Trafficking in Persons Report?
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this report is a detailed overview of the illegal trafficking trade involving sexual slavery, forced labor, etc. they analyze the global efforts to stop trafficking
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Tier 1
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the countries who give full compliance with international standards
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Tier 2
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the countries that meet minimum requirements are are improving
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Tier 2- watch list
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the countries that should be given special scrutiny
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Tier 3
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the countries who have given little to no compliance and no effort to improve
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Peacekeepers and human trafficking
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some peace keepers are purchasing sex with trafficked women or relying on labor from trafficked laborers for construction. this harms efforts to establish security and the rule of law.
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rough diamonds
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diamonds in their natural state, unpolished, uncut,etc.
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industrial diamonds
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the cheapest, less expensive diamonds
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conflict diamonds
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a diamond mined in a war zone that is sold to finance the war and other forms of war crimes and insurgency.
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Central Selling Organization
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De Beer's diamond marketing arm
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what is a sightholder?
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a company on the diamond trading company's list of authorized purchasers of rough diamonds
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RUF
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the rebel group that fought the ten year civil war in Sierra Leone. They mined blood diamonds and sold them for profit to finance the war.
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WDC
(World Diamond Council) |
consists of representatives from diamond manufacturing and diamond trading companies. its goal is to reduce the number of conflict diamonds on the world market.
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KPCS
(kimberley process certification scheme) |
process designed by the UN to help determine a diamonds origin. to make sure they are free from conflict. helping to prevent another diamond financed war.
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Clean Diamond Trade Act
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U.S. law designed to stop blood diamond trade and to show U.S. participation in the KPCS
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International Monetary Fund
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a global organization that oversees the global financial system it follows the macroeconomic policy of its participating countries. it also offers financial assistance.
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World Bank
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a bank that provides financial and technical assistance to developing countries for development projects. its goal is to reduce poverty.
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Structural Adjustment Program
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the conditions for getting new loans from the IMF or World Bank, they want to ensure that the money lent will be spent in the right way
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Microfinancing
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giving financial services to poor or low-income clients from consumers to the self-employed.
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grameen bank
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a microfinancing organization that offers small mircoloans to the poor without the need for collateral
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mircocredit/microloan
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is the extension of small loans to the poor or unemployed
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