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6 Cards in this Set

  • Front
  • Back
primitive equilibrium
the 1st step of economic development and it has no formal
economic organization
takeoff
the 3rd stage of economic development, when the barriers of primitive equilibrium have been overcome
expropriation
the taking over of foreign property without some form of payment in return
soft loans
loans that may never be paid back
euro
EU's currency
ASEAN
ten-nation group working towards complete SE Asian economic growth