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Vocab 14


Agribusiness provides vast array of goods and services that support agriculture industry.
Formal economy legal economy that is taxed and monitored by gov. and included in gov.'s Gross National Product (GNP).
Informal Economy economic activity that is neither taxed nor monitored by gov. and not included in gov.'s Gross national Product (GNP).
Neo-Colonialism entrenchment of colonial order (trade and investment) -post colonialism under new guise.
Structuralist economy model of economic dev. that treats economic disparities among countries or regions as result of historically derived power relations w/in global economic system.
Dependency Theory 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
Dollarization 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.
Vectored Diseases 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.
Maquiladoras 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.
Desertification 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.
Commodity chain series of links connecting many places of production and distribution and resulting in commodity that exchanged on world market.
Modernization model (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.
Created by: p4nd4lov3r
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