Social Review Flashcards
Global Village
The idea that the entire world and its inhabitants are becoming one large community interconnected by technology.
Bretton Woods
Created the International Monetary Fund, the establishment of rules.
Maquiladoras
Factories tariff-free, processing and manufacturing then exporting finished goods.
Primary
Level in which the process of raw goods.
Secondary
Level in which manufacturing.
Tertiary
Level of services.
Quaternary
The level where technology is made ad used.
Quaternary
A level where technology is made ad used.
Urbanization
Moving from rural to urban areas to increase towns and cities.
Human Development Index
Measurement of social and economical development in a country.
European Union
the biggest and most powerful common market.
Keynes
Believed that unrestricted capitalism caused wars, unemployment and communism.
Hayek
Didn’t trust government control and believed supply and demand, valued free trade.
Friedman
Less government control, more free markets.
World Trade Organization
International organization that works on improving trade relations.