The Reference Library
China's Economic Rise — Glossary
Key terms and definitions from the China's Economic Rise course. Each term links to a full explanation.
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- 10 terms
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- 3 categories
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2 entriesDeng Xiaoping's Economic Reforms
Deng Xiaoping introduced market-oriented reforms in China, blending [Socialism](https://modeldiplomat.com/learn/glossary/socialism) with capitalist practices to modernize the economy.
Dependency Theory
An economic and political theory that explains global inequality as a result of historical exploitation and structural dependence of developing countries on developed ones.
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2 entriesThe New International Economic Order
A set of proposals by developing countries in the 1970s to promote their interests through reforming global economic relations.
Trade Elasticity of Supply
The responsiveness of the quantity supplied of a good to changes in its price in international markets.
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4 entriesWorld Bank Development Projects
Initiatives funded by the [World Bank](https://modeldiplomat.com/learn/glossary/world-bank) aimed at reducing poverty and promoting economic development in low-income countries.
World Trade Organization (WTO) Dispute Settlement
A legal process resolving trade disputes between member countries to enforce WTO agreements.
World Trade Organization (WTO) Tariff Negotiations
These negotiations involve member states agreeing on [Tariff](https://modeldiplomat.com/learn/glossary/tariff) reductions to promote free and fair international trade.
World Trade Organization (WTO) Trade Facilitation Agreement
Agreement aiming to simplify and expedite customs procedures to boost international trade efficiency.