Development Def Flashcards
Aid
Assistance in the form of grants or loans at below market rate
Bottom up development
Smaller scale where local people are heavily envolved
Development gap
Difference in income and quality of life between rich and poor - widening
Development
Economic or social progress leading to improvement in quality of life
Food security
When all people have access to safe nutritious food to maintain healthy and active life
Foreign direct investment
Overseas investment in physical capital by transnational cooperations tnc
Gross domestic product
Total value of goods and servives produced by countries in a year
Literacy rate
%of pop who can read and write
Political corruption index
Grades country on how corrupt it is
Human development index
Combination of gdp, life expectancy and average years in Ed - most reliable
Highly indebted poor countries initiative
Trying to stop world debt by IMF and the world bank - 36 countries have been assisted
Infrastructure
Roads, buildings, powerlines, encourages development of human society
Irrigation
Watering farmlands artificially
NGO
Non governmental organisation like charities
Outsourcing
Taking internal company functions and paying an outside firm to handle it - usually in low income countries where they can access cheap labour
