Across
- 1. An instrument used for measuring the wealth of a country through its imports and exports.
- 2. An economic system wherein the state no longer exists.
- 3. The opposite of capitalism, this economic system strives to build a classless society.
- 6. An early economic system based on the dominance (or "ownership") of a society by an aristocracy.
- 8. A system in which the power of a state is measured by its accumulation of precious metals.
- 11. Former colonies resorted to this to prevent their natural resources from falling into the hands of foreign investors.
- 12. In this agreeement made in 1994, many less skilled jobs were lost to Mexico because of their low labour costs.
- 13. "The sun never sets on the British empire" is an example of a certain 16th-19th century phenomenon.
- 15. The ______ of a developing nation practice subsistence farming and work in plantations because of their weak economies.
- 17. An American economist who advised Ronald Reagan in the 1980's.
- 18. This nation participated in a Cold War with the United States between 1954 and 1991.
Down
- 1. This trend can both benefit and hinder the economy of a developing nation.
- 4. A modern set of economic policies that are open to international trade and investment.
- 5. A British economist who believed in increased state intervention in times of economic despair.
- 7. A large portion of the population in developing nations live in these urban areas.
- 9. The unequal distribution of this entity results in a high Gini coefficient.
- 10. A left-wing ideology that supports the involvement of the state.
- 13. This economic system experienced a major boom with the Industrial Revolution.
- 14. This comes very cheap in mexico, which was a disadvantage for Canada and the U.S in NAFTA.
- 16. If a country is closer to a 0 than to a 1 on this measurement scale, they are struggling socially and economically.