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1
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Not repaying borrowed money.
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2
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The second stage of economic development.
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3
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Single currency for the European Union.
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4
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The first stage toward economic development.
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6
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The third stage of economic development.
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8
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A ten-nation group working to promote regional peace and stability, accelerate economic growth, and liberalize trade policies in order to become a free-trade area by 2008.
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9
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An agreement in which two or more countries reduce trade barriers and tariffs among themselves.
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12
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A group of producers or sellers who agree to limit the production or sale of a product to control prices.
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16
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Money borrowed from foreign banks and governments.
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17
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Loans that may never be paid back.
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