The Global Transition to Capitalism

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Across
  1. 2. - shift of an economy, or part of an economy, from private ownership to government ownership.
  2. 3. - independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition.
  3. 6. - certificates that could be used to purchase government owned property during privatization.
  4. 8. - forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing.
  5. 10. - fundamental restructuring of the Soviet economy; policy introduced by Gorbachev.
  6. 16. - requiring large amounts of capital in relation to labor.
  7. 17. - entering into an activity.
Down
  1. 1. - comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry.
  2. 4. - national policy of avoiding international alliances and economic interactions.
  3. 5. - China’s second Five Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization.
  4. 7. - number of people per square mile of land area.
  5. 9. - conversion of state-owned factories and other property to private ownership.
  6. 11. - established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output.
  7. 12. - market in which goods and services are sold illegally.
  8. 13. - independent Polish labor union founded in 1980 by Lech Walesa.
  9. 14. - central planning authority in the former Soviet Union that devised and directed Five-Year Plans.
  10. 15. - gross domestic product on a per person basis; can be expressed in current or constant dollars.