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Group of 37 countries that are in serious debt and poor conditions

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The method of seeking labour from another country when the headquarters are established somewhere else. (usually outsourcing for labour in developing countries)

ex: telus call centers are located in the china while telus is a north american company.

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financial help from the government or a bigger organization/group which enables an event or cause to take place.

ex: kidsport
helps less fortunate kids to participate in sports.

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A workplace where employees' rights are violated. such as working in unsafe environments or getting paid low wages which they are not able to sustain themselves with.

ex: Bangladesh fabric manufactures working in unsafe environments and receiving low wages due to the fast fashion industry and lack of human rights enforcement.

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finite quantity of a product or service set by companies to determine the pricing in hopes to manipulate the supply and demand of the produced goods.

ex: H&M mass produces their merchandise in results the products are significantly cheaper.

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an international financial institution that provides loans to countries of the world for capital projects.

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a corporation owned by the government

Ex: Canada Post, Air canada, Petro Canada

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the movement against world globalization

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Agreements made between at least two countries to reduce or eliminate trade barriers

Ex:UsMC

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When a business switches from private to public

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Sustainable prosperity is a concept that reflects a comprehensive, long-term vision for a community.

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A system of government where the government owns everything

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Resources that cannot be renewed

Ex: Water, fuel, Coal, etc

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A tax on exported or imported goods

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The amount of goods available and the need for the thing available

Ex: The demand for the new air forces 1 nike shoes were high but not enough was produced

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A lack of resources, services, and goods

Ex: The gasoline shortage in the 1970s

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To export goods and services to a foreign countries

Ex: Canada giving other countries goods such as lumber

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Services and Goods you receive from a foreign countries

Ex: Fruits and vegetables coming to canada from other countries

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The impact you have on the world
Ex: The amount of waste you make in a day

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International trade without tariffs, quotas, and little to none restrictions

Ex: An example would have been NAFTA (North America Free Trade Agreement) but that agreement is being renegotiated