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10 Cards in this Set
- Front
- Back
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less developed countries |
countries that may be characterized by low level of per capita income , high inflation and that debts,large trade deficits ,low levels of Socio economic development ,a lack of industrialization or under developed financial or legal systems |
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South |
Categorization of less developed nations that are not part of a structurally integrated system of global capitalism |
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newly industrialized countries |
countries benefitted from external trade relationships grown export market and burgeoning industrial development |
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Kuznets effect |
economic formula that demonstrates that , OK country develop economically income distribution will become more unequal before it becomes more equal ;named after Dr. Simon Kuznets, the Russian American economic who formulated this concept |
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Chinese Communist Party |
Government political party in China founded in 1921 is part of the revolutionary movements committed to marxist revolution |
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great. Leap forward |
Chinese program of economic policies designed to revolutionize rural production by replacing private ownership of land with communes in which all agricultural production was to be sold to the state |
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One door policy |
approach taken by the Chinese government started in the late 1970s to introduce Chinese economy (and by extension political system )to the western world |
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special economic zones |
regions in China with different economic regulatory control and more independence meant to spur economic growth |
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political cohabitation |
political cooperation among parties without forming a collision |
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porfolio investment |
acquisition of shares stocks in a corporate actor for the purpose of profit; does not imply ownership |
