Term
|
Definition
| Official aid given grom one government to another |
|
|
Term
|
Definition
| An economy with low income per capita and hence, low living standards, is considered to be a developing country. / This may be measured using the human development index, a composite indicator including measure of GDP per capita, life expectancy and literacy rates. |
|
|
Term
|
Definition
| A broad concept involving improvement in standards of living, reduction in poverty, improved health and education, with increased freedom and economic choice. |
|
|
Term
| Foreign Direct Investment |
|
Definition
| Long term investment by multinational corporations in another country. |
|
|
Term
|
Definition
| the government or private sector of a country owes a significant amount of money to foreign government, banks of multilateral institutions, such as the International Monetary Fund |
|
|
Term
|
Definition
| The essential facilities and services such as roads, airports, sewage treatment, water systems and other utilities that are necessary for economic activity |
|
|
Term
|
Definition
| Loands generally given to poo people who have no access to 'normal' forms of credit because they do not have the collateral to get loans. Aimed at small scale self employment projects such as market stalls, sewing etc. |
|
|
Term
|
Definition
| Official aid that is given by governments to an international organisation such as the UN, the World Bank or the IMF and is then disbursed into the recipients |
|
|
Term
| Multinational Corporation |
|
Definition
| A company that has productive units in more than once country. |
|
|
Term
|
Definition
| Official aid is provide to a country by another government. |
|
|
Term
|
Definition
| Any circular chain of events starting and ending in poverty, such as low income means low savings means low investment means low growth means low income |
|
|
Term
|
Definition
| A theory concerning exchange rates stating the exchange rates will move towards a level that adjusts for differences in inflation rates, so that identical basket of goods and services cost that same in each country. |
|
|
