Economic Vocabulary

Front 1

Globalization

Back 1

The worldwide movement toward economic, financial, trade, and communications integration.
Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers.

http://www.globalization101.org/what-is-globalization/

http://www.businessdictionary.com/definition/globalization.html

Front 2

Regionalism

Back 2

Interest in or loyalty to a particular region, the principle or system of dividing a city, state, etc.,into separate administrative regions.

http://www.merriam-webster.com/dictionary/regionalism

http://dictionary.reference.com/browse/regionalism

Front 3

Trade Embargo

Back 3

A government order imposing a trade barrier,

http://www.thefreedictionary.com/trade+embargo

http://www.collinsdictionary.com/dictionary/english/trade-embargo

Front 4

Economic Crisis

Back 4

This is a situation in which the economy of a country goes in a sudden downfall in the numbers.

http://www.thefreedictionary.com/economic+crisis

http://www.businessdictionary.com/definition/economic-crisis.html

Front 5

Welfare State

Back 5

A welfare state is a country in which equality is the way to rule, and that all people is treated equally.

http://www.investopedia.com/terms/w/welfare-state.asp

http://global.britannica.com/EBchecked/topic/639266/welfare-state

Front 6

Neoliberalism

Back 6

Neoliberalism is a type of economic situation in which all the economy is based on a private sector rather than in a public one.

http://www.corpwatch.org/article.php?id=376

http://www.investopedia.com/terms/n/neoliberalism.asp

Front 7

Economic Recovery

Back 7

A period of increasing business activity signaling the end of a recession. Much like a recession, an economic recovery is not always easy to recognize until at least several months after it has begun.

An economic recovery occurs when an economy strengthens after a period of recession. In an economic recovery, various indicators will turn higher, including Gross Domestic Product annualized growth and employment.

http://www.investopedia.com/terms/e/economic-recovery.asp

http://www.davemanuel.com/investor-dictionary/economic-recovery/

Front 8

Economic Miracle

Back 8

A period of rapid economic growth that exceeds expectations. The term is often applied to the economic growth of Germany and Japan after World War II. In more recent times, it has been used to describe the rapid economic expansion of China.

http://www.businessdictionary.com/definition/economic-miracle.html

http://dictionary.reverso.net/english-definition/economic%20miracle