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Chapter 10 vocab AP Flashcards

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9395484814Break-of-bulk locationA location where transfer is possible from one mode of transportation to another.0
9395484815GNP (Gross National Product)total dollar value of goods & services produced by a nation at home or away1
9395484816GDP (Gross Domestic Product)The total market value of all final goods and services produced annually in an economy2
9395484817Per capita GNINational income divided by the population of the country3
9395484818Digital divideA worldwide gap giving advantage to those with access to technology4
9395484819Rostows modernization modelThe model assumes that all countries follow a similar path to development5
9395484820DollarizationA countries currency was abandoned in favor of the dollar6
9395484821wallersteins world systems theoryThere is a world economic system in which some countries benefit while others are exploited7
9395484822Structural adjustment loansType of loan to developing countries8
9395484823Neoliberalisma modified form of liberalism tending to favor free-market capitalism.9
9395484824NAFTA (North American Free Trade Agreement)Allows open trade between the US, Mexico, and Canada.10
9395484825nongovernmental organizations (NGOs)nonprofit groups that provide charitable services or promote social and environmental causes11

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