IDSB04H3 Chapter Notes - Chapter 9: Financial Crisis Of 2007–2008, Gross Domestic Product, Foreign Direct Investment
19 Apr 2017
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Chapter 9 globalization, trade, work and health. Neoliberal globalization = investment in and ownership of the means of production (property), distribution, and exchange of wealth is made and maintained mainly by private individuals or corporations rather than cooperative or state-owned arrangements. The main goal of capitalism is profitablility so they extract, exploit and contaminate resources to ensure profits. The us and europe promoted global economic expansion as the key to progress: the great depression the largest capitalism crisis. How globalization affects the health of people around the world depends on who controls the flow of capital, labor, and knowledge, and who benefits and suffers. Table 9-1 key definitions relating to globalization, trade, and work. Currency devaluation; inflation = a reduction in the value of a currency with respect to other monetary units this may affect the purchasing power of groups, particularly low-income groups.
