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When most people stare first at a blue circle and then shift their eyes to a white surface,the afterimage of the circle appears
International Monetary Fund
An international organization created to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty.
World Trade Organization
An international organization established in 1995 to regulate international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
Modernization Theory
A theory that argues that societies progress linearly from traditional to modern states and that economic development brings about positive social and cultural changes.
European Hegemony
Describes the period or condition where European powers dominated world politics, economics, and culture, often through colonization and imperialism.
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