Diplomacy & Politics Glossary

Legislation enacted by Fidel Castro's government to redistribute land from large estates to peasants, aiming to dismantle feudal landholding patterns in Cuba.

The fiscal policy multiplier measures how government spending impacts overall economic output and growth.

A designated area within a state with distinct economic regulations to attract foreign investment and trade.

Financial assistance provided by governments to domestic industries to make their products more competitive internationally.

Mao Zedong's campaign aimed at rapidly transforming China from an agrarian society to a socialist society through industrialization and collectivization.

A series of programs and reforms introduced by Franklin D. Roosevelt to combat the Great Depression and promote economic recovery.

Trade war occurs when countries impose retaliatory tariffs or barriers to restrict imports and protect domestic industries.