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AP Comp Gov, Chapter 11
The Third World
30
Political Studies
12th Grade
03/03/2010

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Term
Carrying Capacity
Definition
the amount of development an ecosystem can bear
Term
Communal Group
Definition
racial, ethnic, linguistic groups that today are often the source of political violence
Term
Conditionality
Definition
imposition of stipulations before the granting of loans by the IMF, World Bank, and oter international financial institutions
Term
Debt Crisis
Definition
the massive accumulation of loans taken out by third world countries and owed to northern banks and governments from the 1970s on
Term
Debt Trap
Definition
inability of third world countries to pay back their loans to northern creditors
Term
Dependency Theory
Definition
why countries were eager to pursue what amounted to economic nationalism
Term
Dependency
Definition
radical critique of mainstream economic theory that stressed the continued power the north has over the third world
Term
Failed State
Definition
system in which the government loses the ability to provide even the most basic services
Term
Foreign Aid
Definition
money or goods provided by richer countries to help poorer ones develop
Term
Fundamentalism
Definition
religious beliefs of a literal nature that often led to right-wing political views
Term
Hard Currency
Definition
currencies that can be traded openly on international markets
Term
Human Development Index
Definition
the United Nations best indicator of social development
Term
Imperialism
Definition
the policy of colonizing other countries - establishing empires
Term
Import Substitution
Definition
development strategy that uses tariffs and other barriers to imports, and therefore stimulates domestic industries
Term
Microcredit
Definition
lending and developing strategy that stresses small loans for new businesses, developed by the Grameen Bank in Bangladesh
Term
Newly Industrialized Countries (NICs)
Definition
handful of countries, such as South Korea, that have developed a strong industrial base and grown faster than most of the third world
Term
Parastatal
Definition
companies owned or controlled by the state in the third world
Term
Patron-Client Relations
Definition
neofeudal relations in which "patrons" gain the support of clients through mutual exchange of benefits and obligations
Term
Structural Adjustment
Definition
development strategy that stresses integration in to global markets privatization, etc., supported by World Bank, IMF, etc.
Term
Subsistence Economy
Definition
one in which peasants predominate and grow food and other crops primarily for domestic use
Term
Third World
Definition
informal term for the poorest countries in Asia, Africa, and Latin America
Term
International Monetary Fund (IMF)
Definition
international agency that provides loans and other forms of assistance to countries with fiscal problems
Term
Multinational Corporation (MNC)
Definition
company operating across national boundaries
Term
Nongovernmental Organization (NGO)
Definition
nonprofit organizations that exert political influence around the world
Term
Organization of Petroleum Exporting Countries (OPEC)
Definition
cartel of oil-producing countries; responsible for 1973-1974 embargo
Term
World Bank
Definition
a major international lending agency for development projects based in Washington
Term
World Trade Organization (WTO)
Definition
international organization with wide jurisdiction over trade issues; replaced the General Agreement on Tariffs and Trade
Term
Anastasio Somoza
Definition
put in charge in Nicaragua by the US, led to a hereditary dictorial campaign
Term
Rudyard Kipling
Definition
coined "white man's burden"
Term
Indirect Rule
Definition
British and other colonial procedures through which natives were used to carry out colonial rule
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