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U54

U54

U54

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Joel Baur
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Joel Baur
This flashcard set helps university-level learners of English expand their vocabulary related to economics, global trade, and development. It covers key terms like "trade liberalization," "protectionism," and "globalization," with examples such as "Third World," "North," and "South." The platform also supports backward learning from the target language to the source language, making it ideal for students and professionals aiming to improve their fluency and understanding of economic concepts.
Flashcards
34
Students
1
Language
German
Category
English
Level
University
Created / Updated
28.05.2016 / 30.05.2016
  • 1  / 34

Flashcards

a country with an economy that uses the most recent ideas and technology

advanced economy (n)

a country in South East Asia with an economy that is growing very fast

Asian tiger (n)
Brazil, Russia, India, China

BRIC countries (pl n)

the costs involved in using computer

computing costs (n)

when goods are put in large metal or wooden boxes in order to take them somewhere

containerization (n)

a time when banks have financial problems because they have lent too much money which people and companies cannot pay back

credit crunch (n)
a country that is quite poor and does not have advanced industries

developing country / less-developed country (LDC) (n)

all the goods and services produced by a country over a year

economic output (n)

money for investment that can easily be moved around the world

free movement of capital (n)

the principle that goods and services can be bought and sold all around the world

free trade (n)
Gross Domestic Product; the value of all the goods and services produced in a country in a year

GDP (gross domestic product)

the value of all the goods and services produced in a country in a year divided by the number of people in the country

GDP per capita (n)

the economies of all the countries in the world considered as a group

global economy (n)

the fact that the world is developing in single economy in which what happens in one plae affects what happens in another place

globalization (n)
gross national invome: the total value of goods and services produced by a country in one year, including profits made in foreign countries

GNI (gross national income)

Gross national product; the former term for GNI (gross national invome)

GNP (gross national product)

the was a country's money is divided between people

income distribution (n)

the process of developing industries

industrialization (n)
a country that has very advanced industries

industrialized country (v)

when two things depend on each other and when happens to one affects the other

interdependence (v)

the way in which people live, for example how nice their houses are and how much money they have to spend on food or clothes

living standards (pl n)

a country that has recently become industrialized and is not poor but is not rich

middle-income country (n)
a country that has recently developed advanced industries

newly industrialized country (NIC)

the rich industrial countries of the world, most of which are above the equator

North (n)

the state of being successful and having a lot of money

prosperity (n)

a system in which a country helps its own industries by putting a tax on foreign goods

protectionism (n)

an economy that is based on farming and not on industry

rural economy (n)

the costs involved in moving goods from one place to another

shipping costs (pl n)

the developing countries of the world, most of which are below the equator

South (n)

a tax on goods that come into a country

tariff (n)

the costs of using telephones, radio and television for sending information

telecommunications costs (pl n)

countries with very little industry and where most people are very poor

Third World (n)

the removal of obstracles to international trade

trade liberalization (n)

North America, those contries in Europe which did not have communist governments before the 1990s, and some other parts of the world

West (n)

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