Questions Refer to the Passage Below

question 16

Multiple Choice

Questions refer to the passage below.
"As peoples, we reaffirm our rights to self-determination and to own, control and manage our ancestral lands and territories, waters and other resources. . . . We are the original peoples tied to the land by our umbilical cords and the dust of our ancestors. Our special places are sacred and demand the highest respect. . . . Our traditional knowledge is not in the public domain . . . unauthorized use and misappropriation of traditional knowledge is theft.
Economic globalization constitutes one of the main obstacles for the recognition of the rights of Indigenous Peoples. Transnational corporations and industrialized countries impose their global agenda on the negotiations and agreements of the United Nations system, the World Bank, the International Monetary Fund, the World Trade Organization and other bodies . . .
Indigenous Peoples, our lands and territories are not objects of tourism development. . . .We are responsible to defend our lands, territories, and indigenous peoples against tourism exploitation by governments, development agencies, private enterprises, NGOs, and individuals.
Recognizing the vital role that pastoralism and hunting-gathering play in the livelihood of many Indigenous Peoples, we urge governments to recognize, accept, support, and invest in pastoralism and hunting-gathering as viable and sustainable economic systems."
Exerpt from The Kimberly Declaration International Indigenous Peoples Summit on Sustainable Development Kimberly, South Africa, August, 2002
-Why is economic globalization a challenge for indigenous peoples, according to the passage?

• A) Indigenous peoples practice lifeways, like pastoralism and hunting-gathering, which are not sustainable.
• B) Indigenous peoples occupy lands with little economic potential.
• C) Indigenous peoples are ignorant of the advances and technologies of the twenty-first century.
• D) Economic development is not compatible with the lifeways of indigenous people.

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Definitions:

Debt Instruments

Financial contracts obligating the borrower to pay back the lender, including bonds, notes, and mortgages.

One Year

A period of time consisting of 12 months or 365 days, commonly used as a basis for calculating interest, returns, and performance metrics.

Issuing Securities

The process by which a corporation offers new stocks or bonds to the public or existing shareholders or bondholders.

Secondary Market

The financial market where investors purchase and sell securities they already own, as opposed to the primary market where securities are first issued.