Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
Commodity Chains |
Is a sequence of production statges, used by firms to gather resources, transform them into goods or commodities, and finally, distribute them to consumers. |
|
Progress |
Growth or development |
|
The Development Project |
Was an Internationally organized strategy for stimulating nationally managed economic growth. |
|
The Globalization Project |
Was the implementation of a free world market |
|
Eurocentric Modernity |
is a paradigm and formulates that the phenomena of modernity is exclusively European. |
|
John Maynard Keynes |
British economist, architect of the postwar world economic order. |
|
Milton Friedman |
An American economist who received the 1976 Nobel Memorial Prize in economic science. He wrote the article titled "Capitalism and Freedom" |
|
Neoliberalism |
Political form of neoclassical economic theory, took universal shape in welfare reform/reversal, wage erosion, relaxing trade controls, and privatization schemes |
|
Deregulation |
Is a process of removing or reducing state regulations typically in the economic sphere. legitimized by neoliberal economic theory. |
|
Privatization |
Is the transfer of ownership of property or businesses from government/publicly traded and owned company to privately owned and no longer trades publicly. |