Examlex
The acronym VATS means:
Neoliberal Globalization
The process of global integration where emphasis is placed on free-market policies, minimal state intervention, and liberalized international trade.
Foreign Investment
The investment of capital from one country into businesses, real estate, or projects within another country, aiming to achieve financial returns.
World System
A viewpoint that emphasizes the global interconnections and dependencies of economies and cultures.
Peripheral Countries
Countries often characterized by their marginal position within the global economic system, typically having less developed economies and depending on core countries for capital.
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