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|provides vast array of goods and services that support agriculture industry.
|legal economy that is taxed and monitored by gov. and included in gov.'s Gross National Product (GNP).
|economic activity that is neither taxed nor monitored by gov. and not included in gov.'s Gross national Product (GNP).
|entrenchment of colonial order (trade and investment) -post colonialism under new guise.
|model of economic dev. that treats economic disparities among countries or regions as result of historically derived power relations w/in global economic system.
|Structuralist theory- offer critique of modernization model of dev.-certain types of political and economic relations (colonialism) b/t countries and regions of world have created arrangements that both control and limit extent to which regions can develo
|when poorer country ties value of its currency and adopts wealthier country's currency as its own.
|World System Theory
|(Immanuel Wallerstein)- 3 tier structure - social change in developing world is inextricably linked to economic act. of developed world.
|carried from 1 host to another by intermediate host
|Export Processing Zones
|(EPZ's)est. by many countries in periphery and semi-periphery where they offer favorable tax, regulatory and trade arrangements to attract foreign trade and investment.
|Zones in N. Mex. w/ factories supplying manufactured goods to US market. Low wage workers in primarily foreign-owned factories assemble imported components and or raw materials and export finished goods.
|Special Economic Zones
|(SEZ)specific area w/in country where tax incentives and less stringent environmental regulations implemented to attract foreign business and investment.
|encroachment of desert conditions on moister zones along desert margins, where plant cover and soils threatened by desiccation- through over use by humans and their domestic animals and inexorable shifts in earth's environmental zones.
|series of links connecting many places of production and distribution and resulting in commodity that exchanged on world market.
|(Walter Rostow)theory all countries go through 5 stages of development, cultivate economic state of self-sustained economic growth and high levels of mass consumption.