GEOG 2OC3 Chapter Notes - Chapter 5-6: Kativik Regional Government, Nunavik, Makivik Corporation

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Chapter 5
China Syndrome: With the virtual elimination of trade barriers by 2002, imported goods from China and
other countries with low wages have displaced manufacturing companies in developed countries where
wages are much higher. The net outcome is the loss of manufacturing jobs and companies in developed
countries like Canada. In the long term, when rising wages in China and other developing countries are
more in balance with wages in developed counties, a revival of manufacturing in developed countries is
anticipated. Such a shift is described as “reshoring”.
Air Pollution: Any chemical, physical, or biological agent that modifies the natural characteristics of the
Sustainable Development Technology Canada: A foundation created by the Canadian government to
support the development and demonstration of clean technologies- solutions that address issues of
clean air, greenhouse gases, clean water and clean soil to deliver environmental, economic, and health
benefits to Canadians.
Gross Domestic Product (GDP): An estimate of the total value of all materials, foodstuffs, goods, and
services produced by a country or province in a particular year.
Specific Land Claims: Claims made by treaty Indians to rectify shortcomings in the original treaty
agreement with a band or that seek to redress failure on the part of the federal government to meet the
terms of the treaty. Many of these have involved the unilateral alienation od reserve land by the
Restructuring: Economic adjustments made necessary by fierce competition, whereby companies are
driven to reduce costs by reducing the number of workers at their plants.
Green Energy Act: Ontario legislation, passes in 2009, that makes it easier to bring renewable energy
projects into production.
Business Cycle: The world market (capitalist) economy follows a series of irregular fluctuations in the
pace of economic activity. These fluctuations consist of four phrases:
Contraction: A slowdown in the pace of economic activity.
Trough: The lowest level of economic activity.
Expansion: A sharp increase in the pace of economic activity.
Peak: The max level of economic activity.
Just-in-time Principle: A system of manufacturing in which component parts are delivered from
suppliers at the time required by the manufacturer, so that manufacturers do not bear the cost burden
of building and maintaining large inventories; air pollution from heavier vehicular traffic is an ancillary
Outsourcing: Arrangement by a firm to obtain some parts or services from other firms.
Chapter 6
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