IDSB01H3 Study Guide - North American Free Trade Agreement, International Monetary Fund, Final Good

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Vision in political economy: yes economic activity does take place in business/markets but it also says economic activity can take place elsewhere *public sphere, core sphere (church help groups, aid groups, members of congregation), business sphere. Social context underlays all of these three parts. Economies function within social context, but also within environmental context: economic provisioning takes place in multiple sites. Business, gov, and core (hh, community, etc. : forms of provisioning are contingent upon the social context. Politics, culture, and history: economic activities are constrained by natural limits. Be able to list internal and external barriers to development. Agreement (nafta); (c) the functioning of international financial institutions, including not only the international private commercial banks, but also the world. Be able to explain the different measures of economic development (e. g. gdp, gni, hdi). What adjustments are commonly made to income-based measures: two common measures of development.

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