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Quiz 14

Heglund Vocab

QuestionAnswer
agribusiness general term for the businesses that provide the vast array of goods and services that support the agriculture industry
formal economy The legal economy that is taxed and monitored by a government and is included in a government's Gross National Product.
informal economy Economic activity that is neither taxed nor monitored by a government and is not included in that government's Gross Interfaith boundaries.
neocolonialism The seeking out of regional culture and reinvigoration of it in response to the uncertainty of the modern world.
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.
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
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.
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.
vectored diseases A disease carried from one host to another by an intermediate host.
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
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.
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.
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
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
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
Created by: la2012