| structural adjustment programs | IMF loan conditions requiring countries to privatize state-owned companies, reduce tariffs, and cut domestic subsidies as preconditions for financial assistance. |
| Rentier State | A state that funds government programs primarily from natural resource exports or leasing rather than citizen taxation; Iran, Nigeria, and Russia are the course examples. |
| Resource Curse | The pattern where oil or mineral wealth leads to lack of diversification, revenue volatility, currency overvaluation, inequality, corruption, and reduced accountability. |
| Dutch disease | Resource wealth causes currency appreciation and inflation, making non-resource sectors like agriculture and manufacturing uncompetitive and reducing economic diversification. |
| special economic zones | Designated geographic areas, particularly along China's coast, where governments implement different economic policies to attract foreign investment and facilitate market-based activity. |
| Import Substitution Industrialization (ISI) | A development strategy that raises tariffs and encourages domestic production to reduce foreign dependency; conflicts with WTO free-trade rules. |
| Multinational Corporations (MNCs) | Large companies operating across borders that can challenge host governments' economic principles and provoke cultural backlash against Western influence. |
| Foreign Direct Investment (FDI) | Investment by a company or individual from one country directly into businesses in another country; a key driver of economic liberalization and sovereignty challenges. |
| hukou system | China's household registration system that restricts rural migrants' access to urban services and employment, regulating urbanization but deepening regional inequality. |
| Brain Drain | Emigration of highly skilled and educated workers from countries like Iran and Nigeria to seek better opportunities abroad, reducing domestic human capital. |
| Gender Quotas | Policies requiring a set percentage of political positions to be filled by a specific gender; Mexico uses gender parity rules for party candidate lists. |
| Sovereignty | A government's independent authority to make and enforce decisions within its territory; challenged by FDI, MNCs, sanctions, and supranational organizations in Unit 5. |
| Austerity Measures | Government policies that reduce public spending and cut services to address budget deficits, often required as a condition of IMF assistance and associated with social tension. |
| Nigerian National Petroleum Corporation (NNPC) | Nigeria's state-owned oil company that collaborates with foreign companies through joint ventures rather than full privatization to extract and produce oil. |