Across
- 5. Organization of the Petroleum Exporting Countries
- 7. penalty for disobeying an international law or rule
- 8. indirect control or influence of a territory & its people, usually through financial means
- 12. (corporation) operations in multiple countries
- 16. tax imposed on imports or exports of goods
- 18. trade partnership seeking greater equity in international trade (ie. Tony's chocolate)
- 19. advantage over others in producing a particular good
- 21. societies w/most natural resources have worse economic outcomes
- 23. says within everchanging world economy, 3 basic hierarchies of countries exist
- 27. (1949, security alliance of 30 countries from N. America & Europe
- 28. operates the global system of trade
- 29. sequence of processes involved in the production and distribution of a good
- 30. 27 member state economic & political group in Europe
Down
- 1. provides funding to developing countries
- 2. difference in pay/wages/income between women & men
- 3. [Belt & Road Initiative] strategy initiated by China to connect w/Africa & Europe to improve trade & economic growth
- 4. degree to which a person can afford necessities, comforts, luxuries
- 6. goods/services brought into a country from abroad for sale
- 9. African Continental Free Trade Area (1.3 billion people)
- 10. (worldwide) movements + exchanges of ideas, goods & services, $, tech, culture
- 11. small loans designed for small businesses who otherwise can't get $
- 13. organization that operates outside government control
- 14. free trade zones designed to encourage trade activities across nations
- 15. GDP adjusted for inflation
- 17. Association of Southeast Asian Nations / trading bloc
- 20. goods/services produced in one country & sold in another
- 22. five stages of economic development (1) traditional society, (2) preconditions to take-off, (3) take-off, (4) drive to maturity, (5) age of high mass consumption
- 24. descent to a lower or worse state
- 25. measure of achievement in human development: longevity & health / knowledgeable / standard of living
- 26. measures distribution of income or consumption within an economy (compared to a perfectly equal distribution
