Development Gap Flashcards
What is colonialism?
The historical process of European countries invading and conquering countries in order to control them for many years so as to provide resources for the empire
What are conservation swaps?
A deal reached between a country and a wealthier country to which it owes money where part of the debt is cancelled in return for conservation projects. Also known as debt for nature swaps
What is development?
Level of economic growth in a country, to develop is to use natural and human resources to achieve a higher standard of living
What are development indicators?
This is a statistical way of comparing levels of development between countries
What are exports?
Products sold to other countries for money
What is fair trade?
Providing better prices, working conditions and terms for farmers and workers in poorer countries; as a result, the farmers gain a better deal where prices paid are always higher than production costs to allow improved living standards and better community investment
What is free trade?
Equal trade between countries with all barriers removed
What is GDP?
Gross domestic product, the total value of all goods and services produced in a country, by a country in a year (per capita = per person)
What is GNI/P?
Gross national income/product; total value of goods, services and trade within a country in a year (per capita = per person)
What is HDI?
Human development index; a development indicator used to illustrate quality of life and standard of living using more than one measure of development (life expectancy, educational attainment, GNP/capita PPP). It shows how people are benefitting from a country’s wealth
What are HIPCs?
Highly indebted poor countries; a group of 38 countries with the greatest poverty and debt
What is aid?
The transfer of money, goods and expertise from a donor country to a different recipient country; it may be given rely, as a loan or with conditions attached
What are imports?
Products that a country buys from another country to use
What are NGOs?
Non-governmental organisation; a charity that is independent from the government and thus fundraisers to help others by giving aid
What are NICs?
Newly industrialised country; an LEDC that industrialised since the 1960s and thus developed manufacturing industries very quickly, resulting in rapid export and GNP growth