Globalization 1

3. Tigers Hong Kong, Singapore, South Korea, and Taiwan, known for rapid economic growth
5. industrialized countries countries transitioning from developing to developed through rapid industrial growth
7. economies economies primarily based on agriculture and non-urban industries
8. per capita GDP divided by the total population; a measure of average income
10. countries countries with average income levels between low and high-income thresholds
12. economies countries with high levels of income, industrialization, and developed markets
15. per head average income per person in a specific area or country
17. developed, industrialized countries of the Northern Hemisphere
18. Domestic Product (GDP) the total value of goods and services produced within a country in a year
19. output the total value of all goods and services produced by an economy

1. countries Brazil, Russia, India, and China – major emerging economies
2. the process of developing industries in a country or region
4. countries countries with very low income levels and limited infrastructure
6. the state of being successful or thriving economically
9. World outdated term for underdeveloped countries; now replaced by “Global South” or “developing countries”
11. countries countries with significant industrial activity and advanced technological infrastructure
13. countries countries with lower income levels and less industrialization
14. developing countries, mostly located in the Southern Hemisphere
16. refers to Western Europe and North America, typically industrialized and democratic