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Chapter 18: Development and Globalization Section 3

Chapter 18: Development and Globalization Section 3 Copyright Pearson Education, Inc. Slide 2 Chapter 18, Section 3 Objectives the characteristics of economic transition. the political and economic changes that have taken place in Russia since the fall of communism. the reasons for rapid economic growth in China and India. the economic challenges facing Africa and Latin America. Copyright Pearson Education, Inc. Slide 3 Chapter 18, Section 3 Key Terms privatization: the sale or transfer of government-owned businesses to individuals special economic zones: designated regions in China where foreign investment is encouraged, businesses can make the most of their own decisions, and foreign companies are allowed to operate Copyright Pearson Education, Inc. Slide 4 Chapter 18, Section 3 Introduction How has economic change affected different countries?

Chapter 18: Development and Globalization Section 3 . Chapter 18, Section 3 Copyright © Pearson Education, Inc. Slide 2 Objectives

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