Final Exam Review Terms

Economic Systems & Development
Command Economy
Market Economy
Mixed Economy
Socialism
Communism
Partial Command Economy
Full Command Economy
Capitalism
Laissez Faire
Karl Marx
Adam Smith
Highly Developed Economy
Developed Economy
Developing Economy
LDC (Least Developed Economy)
indicators
variables
infant mortality rate
literacy rate
GDP
GNP
trade off
opportunity cost
risk and return
Recessions & Recovery
Keynesian Theory
Classical Theory
Trickle Down Economics
New Deal (FDR)
New Frontier (Kennedy)
Great Society (Johnson)
Reganomics (Regan)
Stimulus Plan (Obama)
boom
STOCK MARKET

lull
bubble
Stock Market Crash
Dot Com Boom
Stock Market & Federal Reserve
risk & return
stock
share
dividend
NYSE
American Stock Exchange
NASDAQ
Dow Jones
S & P 500
book value
beta
preferred stock
common stock
cyclical stock
counter cyclical stock
growth stock
income stock
blue chip stock
speculative stock
value stock
div/yield
market cap
last price
ask
bid
Yield
Volume
52 Week Hi-Low
Year to Date %
regulators
FDIC
IRS
SEC
split stock
merger
assets
liabilities
bull market
bear market
broker
Series 7 Exam
loopholes
CEO
CFO
Earnings Per Share
P/E (Price/ Earnings) Ratio
Diversified Portfolio
commodities
globalization
ENRON
Jeff Skilling
Kenneth Lay
Andy Fastau
Arthur Anderson
auditors
subsidies
mark to market accounting
rank and yank
pump and dump
bandwidth
PGE
bankruptcy
rolling blackouts
insider trading
401 K
Pensions
perjury

Globalization
global interdependence
World Trade Organization
World Bank
International Monetary Fund
International Court of Justice/ World Court
General Agreement on Tariffs and
United Nations Department of Economic and Social Affairs
tariff
sanction
embargo
subsidy
subsidize
protective tariff
union
Turtle Exclusion Device
International Whaling Commission
sustainability
unilateral
sovereignty
sweatshop
multinational corporation
outsourcing
fair trade
free trade
lazissez faire
service industry
manufacturing industry
Immigration
ICE
INS
green card
visa
chayotes
deportation
amnesty

Final Blog Project - Globalization in the Modern World

In The Economics of Globalization, A Labor View, AFLCIO leader Thomas Palley defines globalization as "a process of international integration of national goods, financial, and labor markets. It is a process that is being
driven by firms through their competitive search for profits, and it is also being driven by the process of market arbitrage which works to ensure that the same goods sell for the same price no matter where they are traded. In a sense, none of this is new, and globalization is just the logical extension to the international economy of processes that have long operated within our own domestic economy for over one hundred years."

http://www.aaas.org/spp/yearbook/2000/ch8.pdf

As with many other controversial issues of international importance, globalization presents both opportunities and challenges. Although the process of integration of markers and policies creates some new problems, it also offers the possibility of addressing old concerns and expanding the reach of resources needed to prevent crises to developing regions and people around the world.

Your term project will require exploring ONE specific aspect of globalization and it's impact on the economy and human rights and development in several areas of the world.

Directions:
I) Select a topic from the list below and actively read the article(s) provided. (In the areas where more than one article is indicated, the purpose of assigning multiple sources is to cover all of the components of your response. Don't be turned off from what looks like potentially "more work", as we will be working with the topics for several weeks, it is key that it be interesting to you.)

1) Technology and the Digital Divide:
http://www.globalization101.org/index.php?file=issue&pass1=subs&id=48

2) Music Piracy/ File Sharing http://www.bbc.co.uk/worldservice/specials/1042_globalmusic/index.shtml (be sure to read the introduction and sections entitled "the global music machine" and "music piracy")

3) World Health and Perscription Drugs
http://www.globalization101.org/uploads/File/Health/health2010.pdf

And either:
a) http://news.bbc.co.uk/1/hi/world/4885714.stm



4) Environmental protection

Introduction: http://www.globalization101.org/issue/environment/

and ONE of the articles linked onto the "Are International Trade and Protection of the Environment Enemies" OR "International Environmental Problems and the Efforts to Solve Them" sections

5) Energy
Introduction: http://www.globalization101.org/index.php?file=issue&pass1=subs&id=326

and ONE of the sub topics listed on the index on the link above (Nuclear Power, Alternative Sources, Energy and the Environment or Energy and Development)

6) Labor / worker's rights:
http://news.bbc.co.uk/1/hi/business/4331896.stm

AND EITHER

a) http://www.globalization101.org/index.php?file=issue&pass1=subs&id=27
OR

b) http://www.globalization101.org/index.php?file=news1&id=111 (emphasizes NAFTA)
http://www.blogger.com/img/blank.gif

7) Child Labor:
http://www.globalization101.org/index.php?file=issue&pass1=subs&id=462


8) Women's Development
http://www.globalization101.org/issue_main/woman

You must address all of the following issues in your project (consider this an optional outline):

a. A description of the political and economic context (development index, role in global economy, etc.) in the nations you selected.

b. an overview of the issues you identified as a matter of importance in these nations (the globalization issue)

c. An explanation of how each of the nations (2 or more) you selected are being impacted by this issue

d. A comparison and evaluation of the impact of these changes on the nations you selected (consider different social classes in your response)

Your final project may be submitted in the form of a paper, powerpoint, scrapbook, website or video with substantial narration.
It must
-be no shorter than 700 words (3-5 pages typed) in length.
-reflect research from no fewer than three outside sources beyond the links posted above.
-include an MLA works cited list as evidence of this research.
-incorporate no fewer than three images
-be presented during our class to your peers during finals week.

Note - this presentation is in addition to not in place of a final exam. A review sheet for units 1-6 will be distributed for your review in class by the end of this week.

This project is due Wednesday June 1 at the beginning of class.