Reducing Disparities Flashcards
Non-governmental organisations
National or international private organisations, which are distinct from governmental or intergovernmental agencies.
Resource nationalisation
When a country decides to take part, or all, of one or a number of natural resources under state ownership.
Terms of trade
The price of a country’s exports relative to the price of its imports, and the changes that take place over time.
Primary product dependent
Countries that rely on one or a small range of primary products for most of their exports.
Trade deficit
When the value of a country’s exports is less than the value of its imports.
Fair trade
When producers of food, and some non-food products, in developing countries receive a fair deal when they are selling their products.
International aid
The giving of resources (money, food, goods, technology etc.) by one country or organisation to another poorer country. The objective is to improve the economy and quality of life in the poorer country.
Appropriate technology
Aid supplied by a donor country whereby the level of technology and the skills required to service it are properly suited to the conditions in the receiving country.
Microcredit
Tiny loans and financial services to help the poor, mostly women, start businesses and escape poverty.
Social business
Forms of business that seek to profit from investments that generate social improvements and serve a broader human development purpose.
Foreign direct investment
Overseas investments in physical capital by transnational corporations.
