7.4 Women And Economic Development 7.5 Trade And The World Economy Flashcards
GEM
A measurement of gender equality like the amount of women in national parliaments and making decisions for the clubtry
Gender parity
A way I’d documenting gender equality using measures such as education, incomes, and workforce participation
Micro loan
A small loan to people with little income I tended to establish small businesses
How does women’s increased presence in the world force affect gender parity
Though increased workforce participation, women still mostly work in the informal Ecwnomy, persistent wage gaps
Mercantilism
Strive to export more than import
Protectionism
Trade rules that returns imports to protect the economy
Absolute advantage
Country’s ability to produce a good or service better than another country
Comparative advantage
A country’s ability to produce a product better than other products in its economy
Complementarity
How well a country’s export profile matches another country’s import profile
Transnational coloration
Firm with power to control operations in more than one country even if it doesn’t own those operations
Competitive advantage
A firms relative ability to outperform other TNCs in its industry
Neoliberalism
A range of pro-market positions on the economy like reducing government owe worship and promoting privatization
International Monetary Fund
International organization that seeks to achieve financial stability and promote economic growth
World bank
A financial organization that provides funding to promote economic growth in LDC
World trade organization
Organization that regulates trade amongst many countries that negotiate trade agreements and resolving trade disputes
Free trade agreement
A treaty betweeen two or more countries that reduces remarries and promotes foreign investments
Tariff
Tax on imported goods and services
Customs Union
A free trade agreement among two or more member countries combined with a common external trade policy for nonmembers
Mercosur
The southern common market
OPEC
An international trade agreement designed to regulate the output of oul
Debt crisis
Governments debts exceed its tax revenues
Import substitution industrialization
An economic development polity that replaces imported goods with domestically produced goods as a way to reduce the dependence on other countries
