Esse Chapter 1.2 Flashcards
Poverty Puzzle
Combines the societal poverty line, international poverty line ($2.15 /day), lower-middle income line ($3.2/day), upper-middle income line ($5.8/day), within-household inequality, and multidimensional measures.
Least Developed Countries
Low income countries confronting severe structural impediment to sustainable development
Sustainable Development
Concentrated efforts towards building a inclusive, sustainable and resilient future for people and the planet
Development
Multidimensional process which consist in the improvement in the standard of living (welfare) of a society and all the people who are part of it. It goes beyond the GDP growth
Economic Growth
Sustained increases in material living standards over time