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8 Cards in this Set
- Front
- Back
Economic crisis |
A situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis.
http://www.businessdictionary.com/definition/economic-crisis.html
http://yaleglobal.yale.edu/content/global-economic-crisis |
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Welfare state |
It is a concept of the government in which the state plays a key role in the protection of the economic and social well-being of its citizens. The government also has policies to provide free health care, money for people without jobs, etc.
http://global.britannica.com/EBchecked/topic/639266/welfare-state
http://www.merriam-webster.com/dictionary/welfare%20state |
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Neoliberalism |
Political theory of the late 1900s holding that personal liberty is maximized by limiting government interference in the operation of free markets.
http://www.thefreedictionary.com/neoliberalism
http://www.corpwatch.org/article.php?id=376 |
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Globalization |
It is the worldwide movement toward economic, financial trade, and communications integration. It implies the opening of local and nationalistic perspectives to a boarded outlook of an interconnected world.
http://www.businessdictionary.com/definition/globalization.html
http://www.merriam-webster.com/dictionary/globalization |
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Regionalism |
Institutional arrangements designed to facilitate the flow of goods and services. It also coordinates foreign economic policies between countries in the same region.
http://global.britannica.com/EBchecked/topic/766752/economic-regionalism
http://www.thefreedictionary.com/regionalism |
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Trade embargo |
A proclamation on order of government prohibiting the departure of ships or goods from some or all ports until further notice.
http://legal-dictionary.thefreedictionary.com/trade+embargo
http://www.investopedia.com/terms/e/embargo.asp |
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Economic recovery |
A period of increasing business activity signaling the end of a recession.
http://www.investopedia.com/terms/e/economic-recovery.asp
http://www.investinganswers.com/financial-dictionary/economics/economic-recovery-5765 |
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Economic miracle |
Period of rapid economic growth that exceed expectations.
http://www.businessdictionary.com/definition/economic-miracle.html
http://www.investopedia.com/articles/economics/09/german-economic-miracle.asp |