World economy

2017-07-27T20:06:09+03:00[Europe/Moscow] en true North–South divide, Developed country, Globalization, International trade, Washington Consensus, World economy, Balance of trade, World-systems theory, Resource curse, Forum on China–Africa Cooperation, Islamic banking and finance, International monetary systems flashcards World economy
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  • North–South divide
    The North–South divide is broadly considered a socio-economic and political divide.
  • Developed country
    A developed country, industrialized country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.
  • Globalization
    Globalization or globalisation (see spelling differences) is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
  • International trade
    International trade is the exchange of capital, goods, and services across international borders or territories.
  • Washington Consensus
    The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.
  • World economy
    The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).
  • Balance of trade
    The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period.
  • World-systems theory
    World-systems theory (also known as world-systems analysis or the world-systems perspective), a multidisciplinary, macro-scale approach to world history and social change, emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis.
  • Resource curse
    The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources, specifically non-renewable resources like minerals and fuels, tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.
  • Forum on China–Africa Cooperation
    The Forum on China–Africa Cooperation (FOCAC) simplified Chinese: 中非合作论坛; traditional Chinese: 中非合作論壇; pinyin: Zhōng Fēi hézuò lùntán; French: Forum sur la coopération sino-africaine) is an official forum between the People's Republic of China and the states in Africa.
  • Islamic banking and finance
    Islamic banking (Arabic: مصرفية إسلامية‎‎) is banking or banking activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics.
  • International monetary systems
    International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states.