ap vocab unit 9

Deng Xiaoping

Communist Party leader who seen as responsible for Chinese economic reforms (more free market) after the death of Mao Zedong in 1976

Margaret Thatcher

leader of conservatives in Great Britain who came to power. Pledged to limit social welfare, restrict union power, and end inflation. Formed Thatcherism, in which her economic policy was termed, and improved the British economic situation. She dominated British politics in 1980s, and her government tried to replace local property taxes with a flat

climate change

a change in global or regional climate patterns, in particular a change apparent from the mid to late 20th century onwards and attributed largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels

knowledge economy

a society no longer based primarily on the production of material goods but instead on the production of knowledge (examples: Finland, Japan, US)

manufacturing economy

economy in which a large portion of employees are engaged in work that is aimed at producing manufactured products (examples: Vietnam, Bangladesh, Mexico, Honduras)

multinational corporation (MNC)

A large business organization operating in a number of different national economies; the term implies a more extensive form of transnational corporation. (examples: Nestle, Nissan, Mahindra, Starbucks, McDonald's, Apple

World Trade Organization (WTO)

Founded in 1995, a global institution created to promote international trade and to settle international trade disputes

NAFTA (North American Free Trade Agreement)

Created in 1994, an agreement for free trade (no trade barriers) between the United States, Canada, and Mexico

Association of Southeast Asian Nations (ASEAN)

founded in 1967, a trade organization for economic, political, social, and cultural cooperation among Southeast Asian nations (includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam)

Ronald Reagan

First elected president in 1980 and elected again in 1984. While president, he developed "Reagannomics" the trickle down effect of government incentives. His meetings with Gorbachev were the first steps to ending the Cold War

European Union

An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members

Globalization

Actions or processes that involve the entire world and result in making something worldwide in scope; in terms of AP World History; globalized culture and trade

Green Revolution

Agricultural revolution that increased production through improved seeds, fertilizers, and irrigation; helped to support rising Asian populations

1918 Influenza Pandemic

changed from a epidemic and spread over an entire world killing around 20 million in many areas around the world

Malaria

This disease is commonly associated with poverty and is spread by mosquitos. Each year 1

Alzheimer's disease

an irreversible, progressive brain disorder, characterized by the deterioration of memory, language, and eventually, physical functioning; associated with increased human longevity

United Nations

An international organization formed after WWII to promote international peace, security, and cooperation

World Bank

A specialized agency of the United Nations that makes loans to countries for economic development, trade promotion, and debt consolidation. Its formal name is the International Bank for Reconstruction and Development

Bollywood

Indian version of Hollywood (film industry), centered in Mumbai (formerly Bombay); example of globalized culture where the West influenced South Asia which now influences the world

trading bloc

A group of neighboring countries that promote trade with each other and erect barriers to limit trade with members nations (ex: EU, NAFTA, ASEAN)

Consumerism

A preoccupation with the purchasing of material goods