Chapter10 Vocabulary Test
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| A. Division of the world economy into the core, periphery, and semiperiphery according to Immanuel Wallerstein’s world-systems theory.B. Theory that countries follow the same path along stages of development. Developed by economist Walter Rostow.C. Foreign-owned factories in Mexico where low-wage workers assemble imported components and raw materials into finished products for export.D. Agenda agreed to by member countries of the United Nations to improve peoples’ lives across several human conditions, including education, environment, political liberty, poverty, and inequality.E. The Gross National Income (GNI) of a given country divided by its population.F. A measurement of a country’s wealth that includes the total value of all goods and services produced within the borders of a country, plus income received from investments outside of the country in a year.G. Places in the world economy where core processes dominate.H. Privately funded institutions that aid in development and relief work.I. Andre Gunder Frank’s theory that wealthy countries set up exploitative economic relations whereby lower income countries became dependent on wealthy countries, who in turn benefit economically.J. Portion of the economy that is not taxed or regulated by government. Goods and services are exchanged based on barter or cash systems, and earnings are not reported to government.K. Policies based on the economic theory that government should not intervene in markets.L. A measurement of a country’s wealth that includes the total value of all goods and services produced within a country in a year.M. Number of people not working age (0-14 and over 65) relative to number of people working age (15 to 64).N. The physical and human geographies creating the place, environment, and space in which events occur and people act.O. When one country abandons their local currency and officially adopts the currency of another country.P. A measurement of a country’s wealth that includes the total value of all goods and services produced by residents of a country, including domestic and foreign production, in a year.Q. Places where core and periphery processes are both occurring; places that are exploited by the core but in turn exploit the periphery.R. Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure, proposing that social change in and economic wealth in the periphery is inextricably linked to the core.S. Economic and financial policies that give higher income countries and organizations control over lower income countries.T. A place where goods are transferred from one form of transport to another. For example, in a port, cargoes of ships are unloaded and put on trains, trucks, or riverboats for inland distribution. |
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Anya P.
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