Frage | Antworten |
Development | The use of natural and human resources to achieve a higher standard of living. |
Development indicators | GDP (Gross Domestic Product) and GNI (Gross National Income) |
GDP (Gross Domestic Product) | Total value of the goods and services produced by a country in a year. |
GNI (Gross National Income) | It is like GDP - but also includes money earned from overseas. |
Per capita | Per person |
PPP | Purchasing power parity |
Correlation | Connection between two or more things. |
Human Development Index (HDI) | Life expectancy, Education - both the literacy rate and the average number of years spent at school and GDP per capita PPP. |
Standard of living | How much money people have - so it is measured in GDP per capita. |
Informal settlements | They are also known as slums, shanty towns, or favelas in different part of the world. |
Global inequalities | Other way to describe the fact that our world is unequal. |
Trade | When countries buy and sell goods and services. |
Exports | Things they sell to other countries. |
Imports | The goods and services they buy from elsewhere. |
Trade balance | The difference between imports and exports. |
Trade surplus | The country becomes richer and people's standard of living improves. |
Trade deficit | The country will stay poor, get into debt and people's lives won't improve. |
Newly Industrialised Countries (NIC) | Countries which have become more important in world trade like Singapore, South Korea and Taiwan. |
Tariffs | Taxes and customs duties paid on imports. |
Quotas | Limits on the quality of goods that can be imported. |
Free Trade | When countries don't discourage, or restrict, the movements of good with tariffs and quotas. |
Trading Groups | These are countries that have grouped together to increase the amount they trade between them, and the value of their trade. |
The World Trade Organization (WTO) | Deals with the rules of global trade. |
Fair Trade | Trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers. |
Highly indebted poor countries (HIPC) | Are a group of 38 poorest countries with the greatest poverty and debt. They include Uganda and Honduras. |
Conservation Swaps (Debt-for-nature swaps) | A deal reached between a country which owes a wealthier country money. The wealthy country cancels the debt as long as the country in debt invests in conservation programmes. |
Aid | When a country receives help from another country, or an organisation such as an NGO(e.g. Oxfam), to help it to develop and improve people's lives. |
Donor | The country or organisation giving aid. |
Recipient | The country receiving the aid. |
Non-governmental organisation (NGO) | Oxfam or UNICEF |
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