5th Social Studies- Regional Integration- Terms & Definitions

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Across
  1. 3. A country which has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident.
  2. 6. An agreement which is made up of a group of countries which join together to promote trade. This can entail removing trade barriers, keeping a common currency or increasing taxes on products which have been purchased from outside.
  3. 7. The removal or reduction of restrictions or barriers on the free exchange of goods between nations.
  4. 9. An association of countries trading with each other without restrictions or tariffs.
  5. 11. A term to describe an agreement between two parties.
  6. 12. The use of government spending and taxation to influence the economy.
  7. 14. The use of government spending and taxation to influence the economy.
  8. 15. The process by which businesses or other organizations develop international influence or start operating on an international scale.
  9. 17. A corporation that is registered and operates in more than one country at a time.
  10. 18. A country or region does not have modern industries and usually has a low standard of living.
Down
  1. 1. A country which has a lower gross domestic product (GDP) than developed countries and a less mature and sophisticated economy.
  2. 2. The process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and wealth.
  3. 4. A commerce treaty between three or more nations that allows for all of the countries that sign to be on an equal playing field.
  4. 5. An arrangement among nations to reduce or eliminate trade barriers and coordinate monetary and fiscal policies.
  5. 8. Has its own government and is not ruled by any other country.
  6. 10. An arrangement which further harmonizes economic, monetary and fiscal policies and measures across all Member States.
  7. 13. A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.
  8. 16. The theory or practice of regional rather than national systems of administration or economic, cultural, or political affiliation.