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Transcript of Pages 291-293
Pages 291-293Bryton, Bryden, Drew, Evan, Sheldon If you answer all of our questions then we show you a funny videoPrivatization The selling of a public service such as electricity, delivery or health. To change something from public or government control to privet ownership.Privatization lowers taxes because government dose not have to pay for it.The compatison that comes from it lowers pricesIn some developing countries were the world bank had made structural-adjustment loans, governments are encouraged to privatize water utilities. This can result in high costs and affect the sustainable prosperity of the very people who can least afford to pay for water.Do you think that it is positive or negative to have more privet services such as water ,mail , or airlines?
Foreign investmentForeign investment is the purchase of assets in one country by individuals, or governments in a different countryThose who invest in Canada see it as a way to help keep the economy completive and help the sustainable prosperity, and to make good realasons with trading partnersWhile other people are concerned that it can cause sudden a violent changes in the economy.Ex in 1990 many investors put large amounts of money into the south Koran economy, which made them the 11th largest economy in the world and was growing fast. But in 1997 the value of the east Asian currencies started to decline rapidly. Many investors started to lose faith in there economy which caused them to pull there investments rapidly causing a rapid destableizsen in there economy. Many of the companies there had to shut down. The government had to borrow $58 billion from the international monetary fund
Canadian investments in KurdistanForeign companies investing in Zagros, Kurdistan are an owned subsidary of western oil sands of Calgary. The companies main goal in this investment is to explore a 2120-square kilometer region of kurdistan.The Heritage Oil Corp in Calgary is also exploring in Uganda and the Democratic Republic of Congo.
QuestionsHow does Globalization affect foreign investment?What countries are the main contributors to foreign investments?Where does Canada invest its money for foreign oil sands?What is privatization?