Across
- 3. small loans given to (poor) people.
- 4. Industrialization: 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.
- 6. Income Trap: a situation whereby a middle-income country is failing to transition to a high-income economy due to rising costs and declining competitiveness.
- 7. Substitution: an economic theory adhered to by developing countries that wish to decrease their dependence on developed countries.
Down
- 1. program/the Washington Consensus: market as a uniformly effective mechanism for distributing scarce resources and realizing economic development and growth all over the world.
- 2. the use of economic, political, cultural and other pressures to control or influence other countries.
- 5. Economy: Any employment that is not taxed or regulated by the government.