Chapter 10 Part 2 Vocab

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Across
  1. 2. WashingtonConsensus an array of policy recommendations generally advocated by developed-country economists and policy makers starting in the 1980s, including trade liberalization, privatization, openness to foreign investment, and restrictive monetary and fiscal policies
  2. 5. the use of economic, political, cultural and other pressures to control or influence other countries
  3. 6. Substituting previously imported manufactured goods with domestically produced goods.
  4. 7. Any employment that is not taxed or regulated by the government.
Down
  1. 1. a set of policies, originally pursued in the late 1960s by several east asian countries, to spur manufacturing for export, often through subsidies and incentives for export production.
  2. 3. A condition in which an economy begins development to reach middle-income status but is chronically unable to progress to high-income status.
  3. 4. It is not based on any collateral or legally enforceable contracts; instead, it is based on trust and positive social pressure