TTO 3 World Economy

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Across
  1. 4. system by which the country is governed (for example a democracy)
  2. 6. global organisation which advocates free trade
  3. 12. indicator to measure social inequality, goes from 0 (zero inequality) to 1 (full inequality).
  4. 15. the national market and companies are protected against foreign competition, for example by means of import taxes on foreign goods
  5. 17. country sitting between other countries, without their own access to the ocean
  6. 19. the three main trade blocks in the world (North America, European Union and East Asia)
  7. 21. richest part of the world (traditionally Japan, North America, Europe and Australia/New Zealand)
  8. 23. colony used by the motherland as a province for profit, development of the colony is not a priority
  9. 24. period (1945-1989)in which two global powers, the USA and the Soviet Union, stood on opposite sides
  10. 26. Phase (1800-1950) in which European motherlands found colonies they govern themselves to protect their supply of resources and create a sales market for their products
Down
  1. 1. taxes on foreign goods intended to protect the national market against foreign countries
  2. 2. principle for goods being delivered in such a way that stocking/expensive storage of goods is not needed
  3. 3. links from which the production process of goods consists from resource to final product
  4. 5. process of all areas on the earth becoming more and more connected in a number of fields(economic, cultural, social and political)
  5. 7. Phase (1500-1800) in which European trading companies settled in newly discovered areas in Africa, Asia and Latin America for the purpose of trading
  6. 8. economic system in which the production is in the hands of self-employed entrepreneurs
  7. 9. period (1945-1975) in which the former colonies became independent
  8. 10. colony where colonists migrate to, often build to the image of the motherland
  9. 11. shift of the economic core area towards the Pacific Ocean (towards the east)
  10. 13. trade in which the borders between countries are removed as much as possible
  11. 14. upcoming countries which used to be poor, but now are developing fast (like the Asian tigers)
  12. 16. global economy with cores in several places (replacing the core/(semi)periphery system)
  13. 18. moving economic activities (especially services) from rich countries to cheaper, often low wage countries
  14. 20. abbreviation for countries which have developed fast after 2000, the first one is Brazil
  15. 22. a list ranking all countries in terms of their openness to and trade with other countries
  16. 25. poorest part/countries of the world (traditionally in Africa south of the Sahara desert)