Ir 5 To 5-2

Front 1

development

Back 1

raising the standarts of living for citizens, raising economic and political stabiliy

Front 2

modernization

Back 2

a view of development in Global North (more than Global South) that wealth is created by technology more than the natural endorsements and climate. Wealth is also created through free trade, free enterprise, and efficient production.

Front 3

enterprise

Back 3

a project or undertaking, typically one that is difficult or requires effort

business, company

Front 4

import-substitution industrilaziation

Back 4

a policy for states - should imoprt less (to be less dependent on other countries) and produce more

Front 5

export-led industralization

Back 5

export as much as possible and charge the highest possible price for it, still import into the state

Front 6

multinational corporations (MNC's)

Back 6

a corporation that is based in one state but also operates in other states (for example Apple)

Front 7

dualism

Back 7

seperation of a country in two sectors - poor and rich

the two sectors work side by side, but do not mix together

Front 8

newly-industrialized countries (NICs)

Back 8

leaders in information processing industry, largest exporters of manufactured goods

Front 9

Global North

Back 9

refers to the world wealthy, primarily located in the north

Front 10

Global South

Back 10

located in the south of the world, least developed countries

"third world"

Front 11

indigenous peoples

Back 11

native ethnic and cultural populations within a country (example Native Indians in Americas)

Front 12

third world

Back 12

less developed countries (in Africa, Asia, latin America, Carbines)

Front 13

first world

Back 13

most developed countries (America, Japan, New Zealand)

Front 14

second world

Back 14

during Cold War the countries that embraced communism (Soviet Union, China, Eastern Europe)

Front 15

small powers

Back 15

states with limited political, economical and military powers and influence on others

Front 16

emerging powers (mostly Global South) - middle powers

Back 16

countries with raising economical, political and military powers and influences on others

Front 17

deconolization

Back 17

process by which freed the colonial peoples from their dependent states

Front 18

Mossad

Back 18

does the same thing as CIA (special operations) in Isarel

Front 19

power vacum

Back 19

avoiding power, there is no central government, chaos, terrorism led (it is the epicenter of terrorism)

Front 20

Brexit

Back 20

1. British

2. exit

refers to Britain maybe leaving the EU

Front 21

NAFTA - The North American Free Trade Agreement

Back 21

agreement signed by Canada, Mexico, and the United States, creating easier trade between the three states

Front 22

blowback

Back 22

the unintended results of a political action

Front 23

neoliberalism

Back 23

THE RULE OF THE MARKET. Liberating "free" enterprise or private enterprise from any bonds imposed by the government (the state) no matter how much social damage this causes. Greater openness to international trade and investment, as in NAFTA. Reduce wages by de-unionizing workers and eliminating workers' rights that had been won over many years of struggle. No more price controls. All in all, total freedom of movement for capital, goods and services. To convince us this is good for us, they say "an unregulated market is the best way to increase economic growth, which will ultimately benefit everyone." It's like Reagan's "supply-side" and "trickle-down" economics -- but somehow the wealth didn't trickle down very much.CUTTING PUBLIC EXPENDITURE FOR SOCIAL SERVICES like education and health care. REDUCING THE SAFETY-NET FOR THE POOR, and even maintenance of roads, bridges, water supply -- again in the name of reducing government's role. Of course, they don't oppose government subsidies and tax benefits for business.DEREGULATION. Reduce government regulation of everything that could diminsh profits, including protecting the environmentand safety on the job.PRIVATIZATION. Sell state-owned enterprises, goods and services to private investors. This includes banks, key industries, railroads, toll highways, electricity, schools, hospitals and even fresh water. Although usually done in the name of greater efficiency, which is often needed, privatization has mainly had the effect of concentrating wealth even more in a few hands and making the public pay even more for its needs.ELIMINATING THE CONCEPT OF "THE PUBLIC GOOD" or "COMMUNITY" and replacing it with "individual responsibility." Pressuring the poorest people in a society to find solutions to their lack of health care, education and social security all by themselves -- then blaming them, if they fail, as "lazy."

Front 24

conquer

Back 24

defeat, beat

Front 25

mercantilism

Back 25

a government trade strategy that encouraged exports and discouraged imports to increa sestate power

Front 26

laissez-faire economics

Back 26

principle of free markets, free trade to give people free choices with little government regulations

Front 27

communism

Back 27

ideology of having a community that shares everything

Front 28

self-determination

Back 28

giving nationalities the moral right to decide who will rule them (people choosing government)

Front 29

developing countries

Back 29

low and middle income Global South countries with low GNI

Front 30

gross national income - GNI

Back 30

measure of production of goods and services

Front 31

developed countries

Back 31

Global North countries

Front 32

least developed of the less developed countries- LLDC's

Back 32

the poorest of the poor in Global South where trade between goods is used instead of trade with money