Organizations
Works to foster global monetary cooperation and secure international financial stability.
What is the International Monetary Fund?
Interconnectedness of economic networks producing worldwide market with actors unconstrained by borders.
What is globalization?
A state reduces its economic role and embraces free market mechanisms.
What is economic liberalization?
China's economic focus shifted from ____ to ____
What is agriculture to industry?
Mexico's national oil industry.
What is PEMEX?
Provides loans and grants to the governments of low and middle income countries.
What is the World Bank?
Lessening of government regulations and restrictions on economic activity.
What is liberalization?
Policies intended to reduce reliance on imports and support domestic business.
What are Import Substitution Industrialization Policies
This statistic can be used to measure the success of economic liberalization policies.
What is GDP/GDP per capita?
This person has primary control of Russia's natural resource companies.
Who is Putin?
Regulates and facilitates trade among nations.
What is the World Trade Organization?
What is state sovereignty.
The impact of economic liberalization on environmental living conditions.
What is pollution or urban sprawl.
Primary policy driver behind liberalization policies in Mexico.
What is NAFTA?
Iran is NOT a member of this global organization, the only of the course countries to not be a member.
What is the WTO?
Supranational organization made up of European countries to provide political and economic union.
What is the EU?
These businesses have headquarters in one country, but operate in at least one other.
Multinational Corporations
These measures are taken to reduce a budget deficit, often cutting spending on welfare programs.
What are Austerity measures!
Primary migration pattern in China.
What is rural to urban or west (interior) to east (coast)?
Rapid industrialization has led to the creation of these in China.
What are special economic zones?
Political and economic union of 15 countries in West Africa designed to provide "collective self-sufficiency" for the region.
What is the Economic Community of West African States (ECOWAS)?
Purchase of an interest in a company that is located in another country.
What is foreign direct investment?
These are used by international organizations to change policies of a given country, usually a used as leverage for a loan or membership.
This type of rapid policy shift instantly transitions a command economy to a liberal one.
Shock Therapy
Company blamed for most of the pollution of the Niger Delta.
What is Shell?