114 Exam 1 Flashcards
Bretton Woods Institutions/System
An international monetary system that created the International Monetary Fund (IMF) and the World Bank
Development Ethics
An approach to INDE that ensures governments and NGO’s provide worthwhile, sustainable, and participatory development
Development Economics
Focus on developing the economies and social and fiscal conditions of developing countries.
Keynesian Economics
A macroeconomic theory states that governments should actively participate in their countries’ economies instead of letting the free market stabilize the economy.
Modernization
The process of updating the country’s outdated infrastructure
Neoliberalism
Implementation of the free market, privatization, deregulation, and liberalization
Marxism
A view that analyzes the history of society and the struggle between social classes.
Dependency Theory
A theory that suggests core nations make periphery nations dependent on them through trade and cheap labour.
Capabilities Approach
A way of assessing human welfare that focuses on a person’s ability to live the life they value.
Human Development
Process of improving the freedoms and opportunities of people.
Human Security
Improving human safety and well-being involves protecting people from threats to their livelihoods, such as hunger, disease, and repression.
Global North
A term used to describe the wealthy and powerful countries in the world rather than a specific geographic region.
Global South
A term used to describe the world’s developing regions, mostly in Africa, Asia, Latin America, and Oceania.
Eco-Tourism
A form of sustainable tourism that aims to minimize environmental impact while also educating visitors about nature.
Voluntourism
A type of travel where tourists volunteer for a cause, usually in a developing country.
Emerging Economies
The economy of a developing nation is becoming more engaged with global markets as it grows. Considered to have some but not all of the characteristics of a developed market.
Ethical Tourism and Travel
The consideration of the impact of actions on society, culture and the environment.
Fourth World
A term used to describe the most impoverished and marginalized regions of the world
Gender Equality Index
An index for the measurement of gender disparity
Global Civil Society
A broad term that refers to networks of people, organizations, and ideas that operate outside of national governments, such as NGOs in international development.
Gross Domestic Product (GDP)
The total value of all goods and services produced in a country over a specific period of time, typically a year.
GDP per capita
GDP divided by its population. It is often considered an indicator of a country’s standard of living.
Happiness Index
Used to measure aspects of human suffering within a population. Such as the impact of social injustice, climate injustice, income inequality, disengagement from the democratic process, loneliness, isolation, and ill health.
Human Development Index
A summary composite measure of a country’s average achievements in three basic aspects of human development: health, knowledge and standard of living.