GEOG 202 Midterm: Geography Review (Exam 1)
19 Nov 2016
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Document Summary
Joined u. s. , canada, and mexico i a free-trade agreement. Globalization the interconnectedness of different parts of the world through common processes of economic, environmental, political, and cultural change. Resulting in the economic reorganization of the world. Transnational firms can disrupt local economies in their search for natural resources and manufacture sites. Free flow of capital aids in global economic wealth. Economic convergence (cid:271)elief that the (cid:449)o(cid:396)ld"s poo(cid:396)e(cid:396) (cid:272)ou(cid:374)t(cid:396)ies will eventually economically catch up to wealthier countries. Institutions are useful for regulating and protecting the global spectrum (world bank, international monetary. It is an economic policy promoted by core countries. Free-(cid:373)a(cid:396)ket e(cid:272)o(cid:374)o(cid:373)i(cid:272) (cid:373)odel is (cid:374)ot the o(cid:374)e that toda(cid:455)"s developed countries used for their own development. Instantaneous transfer of great sums of money does not create a stable economy. Bubble economy speculatively inflated economy that cannot be sustained. Advocate strong, yet efficient governments, with strengthened yet also substantially reformulated international institutions, and globalized networks of environmental, labor, and human rights groups.
