russia

economic globalization

refers to the increased flow of economics around the world

international organizations

organizations made up of states cooperating to achieve common goals

liberalization

removing the restrictions on economics, politics, etc.

IMF

international money fund that helps distribute money and trading

World Bank

gives out loans to developing countries

supranational organizations

organizations made up of states where the organization has authority superceding the authority of member states

MNCs

corporations doing business in more than one country

globalization

the growing interconnectedness of the world

neoliberalism

economic politics that support free trade, privatization, and a reduction of government control over the economy

reasons for economic liberalization

helps regulate money and can fix economy

effects of neoliberal economic reform

more free trade, less gov. control, economic growth

problems caused by neoliberal reform

increases inequality, harder to fund for public services

import substitution industrialization

economic policies aimed at reducing foreign dependence by raising tariffs and encouraging local production of industrialized products

energy, the environment, and politics

population movements

mass migration from internal (inside a country) to external

consequences of migration

population growth, language exchange, war, decay of knowledge in home country

NHS

the national health service of the UK that is publically funded

population policies

population issues, like how many people live in one place and how a country is growing

rentier states

states that obtain a sizable percentage of total gov. revenue from exporting oil, gas, or leasing one of their resources to foreign entities

nationalized resources

when the government takes over major resources