What will be on the coming GOVN301 Mini Quiz?

For those who were not coming to this morning class, the following are the possible questions will be on test! Good Luck!^^

1. Governance

• Steering ( How we run?)
• Process by which a society or organization steers/ run itself/Norms/Value/Policies/Processes
• The way we govern
• Processes, eg. Democracy (Political System)

2. Social Contract

• Unwritten agreement between different sectors or groups in society or an organization about how things will work
• eg. Old business social contract - Work hard/Do a good job, you will have lifetime employment
• eg. New business social contract - Do a good job, we will make sure you are employable but will not guarantee a job (We will help you to compete)
• Welfare state is part of the social contract, those who cannot compete/participate in a capitalist society will be taken care of

3. Public Good

• Benefits to society (Health care, Education, Recreation/Fitness)
• Things which make society better and/or more livable
• Many in Canada believe in corporations no longer contribute to the public good
  
• What is good for society

4. Neo-Liberalism

• Return to classical economic theory(Free market, Private ownership, Laissez faire state)
• Let the market decide(What is provided)
• The pursuit of self-interest(en lighted greed)
• Assumption that the market is inefficient, government is inefficient
• Free market and the trickle down effect in economic
• Let the rich keep most of their money(i.e. cut taxes to the rick) and the benefits will flow down to the rest
• Freedom for Neo-liberals(Free market, Free competition, Free trade)
• Dollar democracies (You will have freedom to invest your dollar in market)
• What is good for business is good for the country

5. Civil Society

• A society operating under the rule of law
• Clear rules which we understand and agree to live by (Agree with most if not all)

6. Globalization

• Decrease regulation allowing free movement of goods + people (increase flow and exchange of goods)
• More interconnectedness ~ less separation in the world
• Compression of time + space (Global + proximity)
• Spread of capitalism - in the marketplace
• Technology allows for globalization to occur
• Soft view ~ Still need nation state
• Strong view ~ Little need for nation state
• Financial Deregulation
  
• Change in Production and Organization
• Shrinking Distance