Across
- 2. A set of reforms that reduced government regulations and taxation. (2 words)
- 3. When a country has the income, goods, or services that another country desires.
- 8. A model in which countries do not exist in isolation but are a part of an intertwined world system in which all countries are dependent on each other. (2 words)
- 11. A global trading organization(3 words)
- 12. He developed the World Systems theory.
- 13. Raw material such as coffee, cocoa, and oil, that have not undergone any processing.
- 15. Policies or laws that reduce barriers to trade. (2 words)
Down
- 1. The ability to produce a good or service at a lower cost than others. (2 words)
- 4. When more than 60% percent of a country's exports are raw materials. (2 words)
- 5. Groups of countries that agree to a common set of trade rules.(2 words)
- 6. An international financial organization created in 1945 to aid countries caught in need of financial assistance. (3 words)
- 7. The Southern Common Market
- 9. When one party desires a good or service that it does not have or cannot produce and another party has the desired good or service with which it is willing to part.
- 10. He developed the Stages of Economic Growth model.
- 14. A system of trade in which no money is exchanged.