comm

currency in which the goods and services are denominated

money sent out of a politically or economically unstable country to one perceived as a safe haven

GDP/population or GNI/population

a part of high-income group, 34 market-oriented democracies

15 Soviet republics that declared independence from Soviet Union after its collapse in 1991

a forum to discuss issues of mutual concern

large families of interrelated companies that control Japanese industry

an export trading company that keiretsu members rely on to market exports worldwide

30 or so large conglomerates that are in tight cooperation with the government

Singapore’s utilization of excellent port facilities to import foreign goods and reexport them to other countries

high tariffs and nontariff barriers to discourage imports

opposite of import substitution whereby a country pursues economic growth through more exports