eco development key terms

Question 1

eco dev vs eco growth

Answer 1

eco growth measures changes in physical quantitity of goofd and services in an economy economy produces/ potential to produce

eco development - process of improving living standards both in material and psychologyical aspects

Question 2

infastructure

Answer 2

result if past investment in buildings, roads bridges, electrivity, telocommunications , broadband and other fixed capital foods needed for the economy to operate effiencently

Question 3

aid

Answer 3

money, goods and services, loans given by the government of one country or a institution such as world bank to help another country, non government organisations such as oxfam

Question 4

humanitarian aid

Answer 4

short term suffering e.g. food aid, medical aid, emergency aid

Question 5

long term loans

Answer 5

low interest rates provided by other countries to borrow money

Question 6

tied aid

Answer 6

where money sent to country can only be spent on imports from country providing aid- e.g. use their ships

Question 7

project aid

Answer 7

money soefically for key infastruvture

Question 8

technical assistance aid

Answer 8

development and advancment of tech and R and d

Question 9

bilateral aid

Answer 9

one countrys gov to another countrys gov- developing

Question 10

multialteral aid

Answer 10

diverted through international organisation e.g. world bank =, IMF distrubute to ciuntries who need it

Question 11

free trade

Question 12

international trade

Answer 12

exchange of goods and services and capital between countries

Question 13

remittances

Answer 13

across boarder transfers of money from workers back to their country of origin- payments to family members