| 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 |
The content of this course has been taken from the free Sociology textbook by Openstax