Shared Flashcard Set

Details

Exam #1
All material from week 5
7
International Studies
Undergraduate 2
02/24/2014

Additional International Studies Flashcards

 


 

Cards

Term
Economic Growth
Definition
How much economy provides or how much income people earn in an economy - measured by GDP & GNI
Term
GDP
Definition
Total market value of all goods & services produce within a country year and divided
Term
Underdevelopment Factors
Definition
1. Dual Economy
2. Low Productivity
3. Insufficient Capitol
4. Few Human Services
5. Other Insufficient natural recourses, explosive population growth.
6. Lack of Social cohesion and corruption
Term
Economic Development Theories
Definition
1. Liberal Economic Theory (Adam Smith)
2. Mercantilism (Economic Nationalism)
3. Marxism
Term
GDP
Definition
Total market value of all goods & services produce within a country year and divided
Term
Underdevelopment Factors
Definition
1. Dual Economy
2. Low Productivity
3. Insufficient Capitol
4. Few Human Services
5. Other Insufficient natural recourses, explosive population growth.
6. Lack of Social cohesion and corruption
Term
Economic Development Theories
Definition
1. Liberal Economic Theory (Adam Smith)
2. Mercantilism (Economic Nationalism)
3. Marxism
Supporting users have an ad free experience!