1. Name:
Social 10-2 Review
Issue 2
(Blood Diamond, Chapter 11 and 12)
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Key Issue: To what extent does globalization contribute to sustainable
prosperity for all people?
Guiding Question: Why are there different understandings of economic
Globalization?
Guiding Question: To what extent have developments since WWII influenced
the expansion of economic globalization?
A. Fill in the Blanks with the appropriate words or phrases from the list below:
1. This process was introduced by the UN in the mid 90’s. The purpose of it is to
ensure all diamonds sold are not conflict diamonds,
_________________________.
2. The amount of product produced in a nation per year is known as the
__________________________.
3. This organization is made up of the countries with the eight largest economies
in the world.
__________________________.
4. This trade union includes Mexico, the US and Canada.
__________________________.
5. This shipping method has become very popular since it allows corporations or
companies the ability to ship large quantities of goods at one time.
__________________________.
6. This trade organization includes most continental European countries.
__________________________.
7. This idea allows for limited trade restrictions or tariffs between countries.
_________________________.

2. 8. Large companies that set up businesses in more than one country are know
as _______________________.
9. Many Central American countries (Haiti), are extremely poor because of this
trade agreement ____________________.
10. Many _________________________ protestors believe that people of
smaller poorer countries in the world are being “used” to make larger companies
and countries rich.
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GDP EU Kimberley Process
G-8 ` NAFTA TNC (use twice)
FTAA Containerization Anti-globalization
B. Short Answers
1. Create a T chart that depicts how Trans National corporations have harmed
and helped the economies of poorer nations.
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2. Specifically, why has Economic Globalization increased in the world since the
1970’s? Who specifically is impacted by this increase in economic globalization?
Why?
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3. 3. In a T chart list 3 pro’s and 3 cons for the following statement.
“It is important for poorer countries to pay back their debts to rich larger nations”
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4. List two ways Free Trade organizations like NAFTA have harmed national
economies. List two ways Free Trade organizations have aided national
economies?
/4
5. Who (types of countries) seem to benefit most from Free Trade unions? Why?
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6. In your opinion, why do 3rd World or Developing Nations tend to struggle with
environmental issues (think “China”)
/1
7. List 2 arguments that denounce large corporations setting up Sweatshops in
3rd World or Developing Nations. Create 2 arguments that support the idea of
using Sweatshop labour in 3rd World or Developing Nations?
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8. List 2 reasons why subsidies in Agriculture or Oil and Gas may benefit all
Canadians. List 2 reasons why these subsidies are unfair for all Canadians.
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9. In your opinion, why are there different understandings of economic
Globalization?