Term
| Purchasing Power Parities |
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Definition
| A measure of the relative purchasing power of currencies to buy the same goods in different countries |
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Definition
| Composite index of achievements in basic human capabilities, including life expectancy, education, and income. |
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Definition
| Prices of exported goods relative to imported goods. |
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Definition
| Money from investment that leaves a country and is returned to the investor's home country |
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Term
| Corporate Social Responsibility |
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Definition
| Idea that corporations are accountable for the social, economic, and environmental impact of their decisions and operations |
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Term
| Import Substitution Strategy |
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Definition
| Policy to develop and protect industries to produce goods that a country has been importing |
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Definition
| Association of states aiming to control production and pricing of a commodity |
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Definition
| Economically liberal strategy involving exports that fill and profit from a niche in the international political economy. |
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Term
| Structural Adjustment Programs |
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Definition
| Conditions attached to IMF and World Bank loans requiring countries to liberalize and privatize based on the principles of economic liberalism |
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Definition
| The idea, as advocated by the United States and largely accepted in the developing world in the 1990's, that economically liberal strategies were the best path for development |
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Term
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Definition
| Financial services, such as small loans, that are often provided to individuals or groups with low economic status. |
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Term
| Millennium Development Goals (MDG's) |
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Definition
| UN targets for achieving significant progress on issues such as poverty, education, gender equality, health, and the environment in developing countries |
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