UC Riverside Library and Economic Policies Review

This set of flashcards focuses on key terms and concepts related to the UC Riverside library offerings and economic policies discussed in the lecture.

Cesta do Povo

A Brazilian grocery chain created by a conservative governor that failed and was later privatized.

Import Substitution

An economic strategy used in Latin America involving tariffs to protect domestic industries from foreign competition.

Protectionism

Economic policy of restraining trade between countries, often through tariffs.

Rent-seeking

The practice of increasing one's share of existing wealth without creating new wealth, often through lobbying.

Externalities

A side effect or consequence of an industrial or commercial activity that affects other parties without being reflected in market prices.

Direct Regulation

Government-imposed rules that tell people and companies what they can and cannot do.

Crony capitalism

An economic system characterized by collusion between businesses and government.

Market forces

The economic factors affecting the price, demand, and availability of goods and services.

Financial incentives

Monetary benefits offered to encourage certain behaviors or outcomes.

Strengthening property rights

Policies aimed at enhancing legal rights to ownership of property.