Chapter 10 Part 2 Vocab

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Across
  1. 3. – countries depended on imperialist countries for economy
  2. 5. Income Trap – Where countries experience economic growth but don’t develop fast enough
  3. 6. – A system where small loans are made available to small businesses who don’t have capital
Down
  1. 1. program/the Washington Consensus – Developed countries focused on sgricultural exports and faced deep economic problems
  2. 2. Industrialization – Countries that sought out technologies and developed industries that focused on export
  3. 4. Substitution – When countries restrict imports and raised tariffs to promote local industries
  4. 7. Economy – Part of the economy that isn’t regulated or protected by the state