1			2									3
																														4
	5
																												6											7
																	8
																																					9
																									10
													11																						12						13
																		14
		15																															16
											17																	18
									19												20
													21
																				22
								23
																															24
25																																				26
																							27
						28
																				29
																			30
						31
						32

Across 5. is an economic theory that compares different countries' currencies through a market "basket of goods" approach. 6. The difference between people who use computers and mobile devices on a daily basis and those who do not. Also known as the "digital divide" 11. sector of an economy making direct use of natural resources. This includes agriculture, forestry, fishing and mining 15. consist of loans provided by the International Monetary Fund (IMF) and the World Bank (WB) to countries that experienced economic crises. 22. is an index for measurement of gender disparity that was introduced in the 2010 Human Development Report 20th anniversary edition by the United Nations Development Programme 23. In the 1970s and 1980s, examples of newly industrialized countries included Hong Kong, South Korea, Singapore and Taiwan. Examples in the late 2000s included South Africa, Mexico, Brazil, China, India, Malaysia, the Philippines, Thailand and Turkey. 24. average measure of the efficiency of production. It can be expressed as the ratio of output to inputs used in the production process, i.e. output per unit of input. 25. fair prices are paid to producers in developing countries. 28. is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. 29. is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former. 30. developed by sociologist Immanuel Wallerstein, is an approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited. 31. an economic system combining private and public enterprise. 32. is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Down 1. made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company. 2. original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic system are often rural and farm-based. 3. takes into account not only the average achievements of a country on health, education and income, but also how those achievements are distributed among its population by “discounting” each dimension’s average value according to its level of inequality. 4. Small loans typically given to women in LDC's to invest in small business that could promote development. 7. is defined as the sum of value added by all producers who are residents in a nation, plus any product taxes (minus subsidies) not included in output, plus income received from abroad such as employee compensation and property income. 8. economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. 9. the total value of goods produced and services provided in a country during one year. 10. deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. 12. segment of the economy that provides services to its consumers; this includes a wide range of businesses such as financial institutions, schools and restaurants 13. is the state of not requiring any aid, support, or interaction, for survival; it is therefore a type of personal or collective autonomy. On a national scale, does not trade with the outside world is called an autarky. 14. suggesting that developed countries have tended to pass through 5 stages to reach their current degree of economic development. 16. economic system based on private ownership of the means of production and their operation for profit. 17. is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. 18. produces manufactured goods, 19. a nonindustrialized country. 20. is an international organization created for the purpose of standardizing global financial relations and exchange rates. The IMF generally monitors the global economy, and its core goal is to economically strengthen its member countries. 21. system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale 26. fundamental economic concept that describes the total amount of a specific good or service that is available to consumers 27. describes the enhancement a company gives its product or service before offering the product to customers.