Unit 8 Vocabulary: Economic Development (Chapter 10)

Optional vocabulary is always due the day of the unit test (with the exception of the first two identifications, or unless otherwise specifically stated). The optional vocabulary is worth a maximum of 3 extra credit points. To receive full credit you must:
1) Define the term in your own words in one or two sentences (no more, no less);
2) Discuss the significance or importance of the vocabulary term in one or two sentences (no more, no less).

1.   Gross Domestic Product (GDP) (strengths and weaknesses)
2.   Purchasing Power Parity (e.g., Big Mac Index)
3.   Human Development Index
4.   Rostow's Modernization Model
5.   Wallerstein's World-Systems Theory
6.   Washington Consensus and Structural Adjustment Loans
7.   Neoliberalism and Foreign Direct Investment
8.   Special Economic Zones (EPZs/FTZs/SEZs)
9.   Barriers to Development
10. Nongovernmental Organizations

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