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0/10 Government control of the economy
Consumers and producers manage the economy (supply & demand)
Production is guided by the "invisible hand"
Advantages: Entrepreneurs are encouraged, innovation and productivity are high, individual freedom is encouraged
Disadvantages: Poverty, income inequality, lack of social programs causes hardship for disadvantaged groups
Founder: Adam Smith (wrote about it)
Examples: U.S.
10/10 Government control of the economy
State provides all jobs and ensures equality of access to resources
Production is centrally planned by the government
Advantages: Social equality, harmony, strong programs like education and healthcare
Disadvantages: No incentives to work hard, little productivity, infrastructure is of poor quality
Founder: Karl Marx
Examples: China, Russia, Cuba, North Korea
Brazil is a major producer of commodities grown in a plantation system such as these...
Countries have the following:
A common passport, money (Euro)
Workers and products are free to move without tariffs or quotas
Is it fair to make traffic ticket fines proportional to your income?
In Finland the answer is "YES!"
Mixed Economy
5/10 government control
Conservative
Land of volcanoes
Prefers less government
Areas of control are:
Ranks #1 in terms of HDI
Socialist
Prefers government intervention
Cornwall Sustainability Project (Coast)
The U.K. is a member of the EU, but, stills uses its own currency (Pound Sterling)
Eastern Europe
Formerly command economies
Follow the path or navigate around on your own. There's information on and off the path.
Grade 8 Geography at SCS!
We've been to a lot of regions around the world this year.
This prezi aims to review some of the material from our journey that's specific to places.
Enjoy the trip!
Member countries must give up some amount of sovereignty to join the EU.
Boom (Prosperity)
Government debt has Greece in economic trouble.
Recession
Recovery
North
American
Free
Trade
Agreement
Free Trade vs. Protectionism
Tariffs & Quotas
Increased GDP & access to goods and services at a lower price
For a review of trade go to the international trade prezi...
Bust (Depression)
You've gotta love 'em!
Chairman Mao
Kim Yong Il
Canadian soldiers involved here.
The communist regime was founded by this man.
United States
Market
vs.
Cultural Hearth Region
The majority of migrants to the U.S. are temporary.
Cultural Hearth Region of Islam
Push Factors
Command
Pull Factors (U.S.)
Intervening obstacles
Remittances
Sending money home to family members
Cuba
Plant more than one crop
Buy more nutrious food
Animal husbandry
Mexico
Communist society
Military Dictatorship
French/Creole speaking country
Close knit indigenous communities
They are unlikely to migrate because of intervening obstacles
Distance to U.S.
Culture differences & language
Economic barriers
Tourism that supports the local environment,
communities, and is economically viable.
The Panama Canal
Home of coffee
Remember when you can to buy fair trade certified products. They guarantee that workers are paid a living wage and that they are produced in a sustainable way that protects the environment and invests in local communities.
Amazon Basin
Folk culture vs. Popular culture
Practiced in large urban centres.
Spread via technology and mass media (TV, internet...)
Practiced in isolated rural settings.
Values consumerism
Portuguese is the main language.
Resort Hotels
Values tradition
Traditional Landscape
Hinduism is the dominant religion
A major vanilla producer
Mega City
Shantytowns
Urban Sprawl
It's a little tight in here!...
Iguazu Falls
Forced Migration
The country was originally settled by British prisoners
What to know of these realms
English speaking former colony of Britain
Christianity, Buddhism, and Islam is dominant.
Spanish is the dominant language is all countries but Brazil and the Guianas..
Christianity (Roman Catholicism) is dominant.