Question | Answer |
---|---|
the movement (flight) of capital from one nation to another, via jobs and resources | capital flight |
dominant capitalist countries | core nations |
the buildup of external debt, wherein countries borrow money from other nations to fund their expansion or growth goals | debt accumulation |
the loss of industrial production, usually to peripheral and semi-peripheral nations where the costs are lower | deindustrialization |
a term from the Cold War era that is used to describe industrialized capitalist democracies | first world |
a term that describes stigmatized minority groups who have no voice or representation on the world stage | fourth world |
nations on the fringes of the global economy, dominated by core nations, with very little industrialization | peripheral nations |
a term from the Cold War era that describes nations with moderate economies and standards of living | second world |
in-between nations, not powerful enough to dictate policy but acting as a major source of raw materials and an expanding middle class marketplace | semi-peripheral nations |
a term from the Cold War era that refers to poor, unindustrialized countries | third world |
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The content of this course has been taken from the free Sociology textbook by Openstax