Unit Six Lesson Sixteen Economics

Front

The movement of money into and out of a country through foreign investment and other financial activities

Back

Capital flow

Front

The cancellation of all or part of a debt

Back

Debt forgiveness

Front

A wealthy, industrialized country in which the majority of people have more than enough income to meet their basic needs

Back

Developed country

Front

A low- to medium-income country in which most people have less access to goods and services than the average person

Back

Developing country

Front

The process by which a country makes economic progress and raises its standard of living

Back

Economic development

Front

A condition in which people are too poor to meet basic survival needs, including food, shelter, and clothing

Back

Extreme poverty

Front

The part of a country’s total debt that is owed to foreign creditors

Back

Foreign debt

Front

A country that suffers from severe poverty and low standards of living

Back

least developed country

Front

Which international organization offers economic advice and assistance to countries with financial problems?

Back

International Monetary Fund

Front

What is the role of nongovernmental organizations in the globalization process?

Back

To protect the environment from the harmful effects of global trade, To help lift people out of poverty around the world, To campaign on behalf of social issues associated with globalization.