Related Issue #3 To what extent does globalization contribute to sustainable prosperity for all people? Part 2

To what extent does globalization contribute to sustainable prosperity for all people? Outsourcing Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. The decision to outsource is often made in the interest of lowering firm or making better use of time and energy costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of land, labour, capital, (information) technology and resources.

Maquiladoras Read p242-243 in your text. Create a PMI chart in your notes on Maquiladoras Do you think the benefits of Maquiladoras out weigh the costs or vice versa? Create 3 criteria that can be used to decide.

Related Issue #3 Political and economic Challenges Trade Liberalization Also known as “free trade” is a system in which the trade of goods and services between or within countries flows unhindered by government-imposed restrictions. Government interventions generally increase costs of goods and services to both consumers and producers. Interventions include taxes and tariffs, non-tariff barriers, such as regulatory legislation and quotas and subsidies.

Points of View Read p. 253 in your text. In your notes identify and summarize each speakers key point in one sentence. On a scale of 1 (optimistic) – 5 (pessimistic), access each speakers level of optimism about the effects of expanding globalization.

Related Issue #3 Political and economic Challenges In economics, a subsidy is a form of financial assistance paid to a business or economic sector. A subsidy can be used to support businesses that might otherwise fail, or to encourage activities that would otherwise not take place. Farming is heavily subsidised. Tax dollars are given to farmers to keep the cost of food low. Rich countries can afford to do this and it protects their agricultural industries. Poorer countries are less able to support their farmers and it harms their economies.

Related Issue #3 Political and economic Challenges Knowledge Economy In general the knowledge economy includes businesses and individuals who use research, education, new ideas and information technologies for practical purposes. Knowledge economy jobs tend to be high paying and very competitive. These jobs offer solutions to problems, but staying up to date is difficult for workers and knowing how to prepare students is difficult for education systems

Canadian Income and Education

Related Issue #3 Political and economic Challenges Privatization Privatization is the incidence or process of transferring ownership of business from the public sector (government) to the private sector (business). Advocates believe that privatization lowers taxes because the service is no longer paid for by tax payers Advocates believe that competition from privatization improves quality of service and lowers prices

Related Issue #3 Political and economic Challenges Opponents of privatization believe that it makes services more expensive because companies must make a profit and this profit is part of the cost of service – governments do not need to make a profit so they can offer the service more cheaply Opponents also believe that that government run services can be provided to everyone – not just those that can afford them

Related Issue #3 Political and economic Challenges Foreign investment Foreign investment is the purchase of assets in one country by individuals, institutions, or governments in another country. Advocates argue that Canadian foreign investment keeps Canadian companies competitive, interconnected and profitable

Related Issue #3 Political and economic Challenges Opponents worry foreign investments can cause sudden and dangerous risks to a countries economy if investors rapidly withdraw their money, causing businesses to fail and workers to lose jobs.

Related Issue #3 Political and economic Challenges Outsourcing Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. The decision to outsource is often made in the interest of lowering firm or making better use of time and energy costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of land, labour, capital, (information) technology and resources.

Related Issue #3 Political and economic Challenges Globalization and Sustainability Ecological Footprint Sustainability Stewardship Flags of Convenience Energy Crisis and Sustainable technologies SEE “30 Days Dancing Rabbit” Word Web

Measures of Prosperity Gross Domestic Product (GDP) – Measures the overall size of a nations economy and growth or contraction (recession). Canada GDP per capita in 2006 was $31,263 Human Development Index (HDI) – The United Nations measures three catagories: Longevity (life expectancy at birth – Canada is 80.2 years); Knowledge (school enrollment and literacy – Canada is 99%); Standard of Living (GDP per person – Canada is $31,263). In 2006 Canada ranked 6th in the world.

Oil Sands vs Tar Sands - Review http://www.youtube.com/watch?v=hgLv0FW_wMU