Heglund Vocab
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| agribusiness | general term for the businesses that provide the vast array of goods and services that support the agriculture industry
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| formal economy | The legal economy that is taxed and monitored by a government and is included in a government's Gross National Product.
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| informal economy | Economic activity that is neither taxed nor monitored by a government and is not included in that government's Gross Interfaith boundaries.
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| neocolonialism | The seeking out of regional culture and reinvigoration of it in response to the uncertainty of the modern world.
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| structuralist theory | A general term for a model of economic development that treats economic disparities among countries or regions as the result of historically derived power relations within the global economic system.
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| dependency theory | a structuralist theory that offers a critique of the modernization model of development. Based on the idea that certain types of political and economic relations esp. colonialism) b/t countries and regions of the world have created arrangements that both
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| dollarization | When a poorer country ties the value of its currency to that of wealthier country or when it abandons its currency and adopts the wealthier country's currency as its own.
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| world system theory | Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world.
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| vectored diseases | A disease carried from one host to another by an intermediate host.
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| export processing zones | Zones est. by many countries in periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment
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| maquiladoras | The term given to zones in northern Mexico with factories supplying manufactured goods to the U.S. market. The low-wage workers in the primarily foreign-owned factories assemble imported components and/pr raw materials and then export finished goods.
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| special economic zones | Specific area within a country in which tax incentives and less stringent environmental regulations are implemented to attract foreign business and investment.
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| desertification | the encroachment of desert conditions on moister zones along the desert, where plant cover and soils are threatened by desiccation--through overuse, in part by human and third domestic animals, and, possibly, in part because of inexorable shifts in the Ea
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| commodity chain | series of links connecting the man places of production and distribution and resulting in a commodity that is then exchanged on the world market
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| modernization model | A model of economic development most closely associated w/ the work of economist Walter Rostow. Maintains that all countries go through five interrelated stages of development, which culminate in an economic state of self-sustained economic growth and hig
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