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17 Cards in this Set
- Front
- Back
the services and facilities necessary for an economy to function
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infrastructure
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the establishment of an enterprise by a foreigner
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foreign direct investment (FDI)
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the process by which a nation improves the economic, political, and social well-being of its people
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development
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suitable for producing crops
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arable
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organization formed to stabilize international exchange rates and facilitate development
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Internation Monetary Fund (IMF)
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the sale or transfer of state-owned businesses to individuals
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privatization
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Soviet leader Gorbachev's plan for economic restructuring
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perestroika
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a policy of political "openness" introduced into the Soviet Union in the late 1980s
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glasnost
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the increase in the number of people in a country in a given year
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population growth rate
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the difference between the birth rate and the death rate
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Natural rate of population increase
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the proportion of the population over the age of 15 that can read and write
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literacy rate
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what an economy that raises only enough food to feed itself practices
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subsistence argiculture
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a system of values that gives central importance to earning a living
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work ethic
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eating inadequate or improper food
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malnutrition
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lengthening the time for repayment an dismissing part of a loan
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debt rescheduling
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the orgainization of an economy for the purpose of manufacturing
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industrialization
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savings derived from a country's citizens
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internal financing
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