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Social-10 chapter 1
| Term | Definition |
|---|---|
| Overall Key Issue For Course | To what extent should we embrace globalization |
| Main issue for part 1 | To what extent does globalization influence my life |
| Points of view | What you know to be true based on your individual identities |
| Perspectives | What you know to be true based on your collective identities. A perspective can reflect the outlook of a cultural group, faith, age category, economic group, or language group |
| Pluralism | We respect and value both what individuals have to say from their individual points of view and also what groups have to say from their collective perspective. |
| Globalization | The process of becoming more globally interconnected and interdependent socially, politically, and economically. Some key categories include, trade, people, investment, technology, culture, and ideas among countries |
| Social | The dimension of life that concerns societal and cultural institutions, such as individual, family, and community interactions, mass media, arts, and entertainment, and trend in popular ideas and tastes. |
| Political | The dimension of life that concerns governments’ interactions with individuals, groups, and other governments. |
| Economic | The dimension of life that concerns the production and exchange of goods, services, money, and resources. |
| Transnational | Corporations that operate in two or more contries(also known as MNC’s). |
| Society | A group of people who form an ordered community centred on kinship, an ideology, a religion, a language, or a particular world view. |
| IMF | International Monetary Fund- an agency of the u it’s nations established in 1944 in order to help the world economy by encouraging countries to adopt sound policies affecting exchange rates and currency values. The IMF promotes trade |
| The world bank | Part of the United Nations established 1944 for the purpose of fighting world poverty by promoting economic development |
| The world trade organization (WTO) | Established to promote international fee trade. It helps to reduce trade barriers (tariffs). |
| Outsourcing | A firm tries to reduce costs by locating production facilities in other countries and hiring cheaper foreign workers. |
Created by:
Layspotatochips
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