Global Development Flashcards
(133 cards)
What is aid?
Assistance in the form of grants or loans at bellow market rate
What are barriers to trade?
Government constraints on the flow of international goods and services such as traffic and quotas
What is bottom up development?
Smaller scale developments where the locals people are heavily involved in decisions being made
What is colonialism?
Acquiring control over another country occupying it and exploiting it economically
What is the development gap?
The difference in income and the quantity of life in general between the richest and the poorest countries (gap is widening)
What is development?
Economic or social progress leading to the improvement in the quality of life
What is fair trade?
Movement which aims to create long term trading links with producers in developing countries to ensure they receive a fair and guaranteed price for their products
What is food security?
When all people at all times have access to sufficient, safe, food to maintain a healthy and active life
What is foreign aid?
Aid supplied to other countries
What is Foreign direct investment?
Overseas investment in physical capital by trans national corporations
What is gross domestic product?
The total value of goods and services produced by a country each year
What is highly indebt poor countries iniative?
Cancellation of world debt organised by IMF and world bank in 1996. So far assistance has been given to 36 countries and the 8 UN development goals
What is the human development index?
A combination of GNI per capita, life expectancy and the mean number of years in schooling (a mixture)
What is infrastructure?
The framework of things such as roads, buildings, power lines, broadband internet. Draws in businesses and encourages the development of human society
What is irrigation?
The addition of water to farmland by artificial mean
What is ingovernment agreement?
An agreement between two countries who cooperate in some way
What is life expectancy?
The average age a person is expected to live for
What is literacy rate?
The % of the population that can read and write (social)
What is natural increase?
The difference between birth and death rates
What. Is NGO?
Non governmental organisations eg oxfam
What is outsourcing?
The concept of taking internal company functions and paying an outside firm to handle them. Usually in low income countries where they can access cheap labour
What is privatisation?
Sale of state own assets to private sector. (Profit making businesses)
What is the political corruption index?
It grades a country from “highly corrupt” to “very clean”. When quality of governance is poor, countries have a high level of corruption
Name the top 5 (in order) corrupt countries…
Somalia
North Korea
Afghanistan
Sudan
South Sudan