Economic Inequality

Question	Answer
Aid	Development assistance given by rich countries to projects in the developing world
Bilateral	Having or relating to 2 sides; affecting both sides
Colonialism	1 country taking political control over another country
Corruption	Dishonest behaviour by people in power for personal gain
Debt	Something, typically money, that is owed or due
Dependency	A reliance on something
Developed world	Wealthy countries with good services and high living standards; also known as the North or First World
Developing world	Poor countries with few services and low living standards; also known as South or Third World countries
Development	The use of resources and technology to improve people's standards of living and quality of life
Economy	The wealth and resources of a country or region in terms of the production and composition of goods and services
Emergency	A serious, unexpected and often dangerous situation requiring immediate action
Infrastructure	Networks such as road, rail, electricity, water, telephone and broadband
Multilateral	Agreed upon or participated in by 3 or more parties, especially the governments of different countries
NGOs	Non-government organisations; for example, voluntary agencies that provide assistance to projects in the developing world and that are independent of government
Protectionism	The practice of shielding a country's domestic industries from foreign competition by taxing imports
Unfair trade	When producers/farmers do not get a fair price for their product

Resource summary

	Created by Riona Stevenson over 5 years ago