Economic Inequality

Description

Aid, Bilateral, Colonialism, Corruption, Debt, Dependency, Developed World, Developing World, Development, Economy, Emergency, Epidemic, Infrastructure, Multilateral, NGO, Protectionism, Unfair Trade
Riona Stevenson
Flashcards by Riona Stevenson, updated more than 1 year ago
Riona Stevenson
Created by Riona Stevenson over 5 years ago
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Resource summary

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
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