All Flashcards
What is a potential negative effect of privatization?
Cause: Privatization. Effect: Less focus on social goals.
What is a potential effect of increased FDI?
Cause: Increased FDI. Effect: Economic growth and a more active global market.
What is a potential effect of economic growth?
Cause: Economic growth. Effect: Pollution and resource depletion.
What is a potential effect of migration flows?
Cause: Migration flows. Effect: Urban sprawl.
What is a potential effect of more power to private companies?
Cause: More power to private companies. Effect: Political corruption.
What is a potential effect of disagreements over government intervention?
Cause: Disagreements over government intervention. Effect: Political division and polarization.
What are the differences between GDP and HDI?
GDP: Size of the economy. HDI: Measures living standards, health, and education.
Compare China's economic growth to Russia's in 2022.
China: High growth (4.4%). Russia: Lowest growth (-2.3%).
What is the goal of reducing tariffs?
Encouraging trade and freeing up the market.
What is the goal of opening up for FDI?
To lead to economic growth and a more active global market.