Chapter 10: Developing Countries

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Tariffs

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20 Terms

1

Tariffs

________ or nontariff barriers are used to restrict imports.

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2

Colonialism

________- an imperialist system of physically occupying a foreign territory using military force, businesses, or settlers.

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3

Capacity

________: the ability of the state to carry out basic tasks, including.

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4

Imperialism

________- a system in which a state extends its powers to directly control territory, resources, and people beyond its borders.

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5

Microedit

________- a system in which small loans are channeled to the poor through borrowing groups whose members jointly take responsibility for repayment.

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6

Autonomy

________: the ability of the state to wield its power independently of the public.

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7

Policy tools

________: strategic investment to build an export- based market.

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8

Gendercide

________: sex- selective abortions; neglect of girl babies; bride burnings; witch killings.

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9

Empire

________- a single political authority that has under its sovereignty a large number of external regions or territories and different peoples.

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10

Middle income trap

________: a situation where countries experience economic growth but are unable to develop at a speed necessary to catch up with developed countries.

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11

Neocolonialism

________: Indirect form of imperialism in which powerful countries overly influence the economies of less- developed nations.

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12

Structural adjustment program

________: a policy of economic liberalization adopted in exchange for financial support from liberal organizations; typically includes privatizing state- run firms, ending subsidies, reducing tariff barriers, shrinking the size of the state, and welcoming foreign investment.

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13

Import substitution

________- a mercantilist strategy for economic growth in which a country restricts imports in order to spur demands for locally produced goods.

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14

Dowry tradition

________: girls are viewed as an economic burden.

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15

Middle-income countries

historically less-developed countries that have experienced significant economic growth and democratization

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16

Lower-income countries

countries that lack significant economic development, political institutionalization, or both

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17

Extractive colonies

Built to extract resources from colonies and send them back to the metropole (colonizing power)

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18

Settler colonies

A lot of Europeans settled

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19

Export-oriented industrialization

a mercantilist strategy for economic growth in which a country seeks out technologies and develops industries focused specifically on the export market

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20

Informal economy

a segment of the economy that is not regulated or taxed by the state

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