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| An imperialist system of physically occupying a foreign territory using military force, businesses, or settlers. |
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| Lower & middle income countries. |
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| A single political authority that has under its sovereignty a large number of external regions or territories & different peoples. |
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| Export-oriented Industrialization |
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| A mercantilist strategy for economic growth in which a country seeks out technologies & develops industries focused specifically on the export market. |
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| A system in which a state extends its power to directly control territory, resources, & people beyond its borders. |
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| A mercantilist strategy for economic growth in which a country restricts imports in order to spur demand for locally produced goods. |
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| A segment of the economy that is not regulated or taxed by the state. |
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| Countries that lack significant economic development or political institutionalization or both; also known as less-developed countries (LDCs). |
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| 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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| Historically less-developed countries that have experienced significant economic growth & democratization; also known as newly industrializing countries (NICs) |
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| 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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| An indirect form of imperialism in which powerful countries overly influence the economies of less-developed countries. |
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| Neo-liberalism/Structural-adjustment Programs/The Washington Consensus |
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| A policy of economic liberalization adopted in exchange for financial support from liberal international organizations; typically includes privatizing state-run firms, ending subsidies, reducing tariff barriers, shrinking the size of the state, & welcoming foreign investment. |
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