Ch 31 -Strategies to promote economic growth and economic development

CCTs

________ do not create jobs, but they permit children more access to healthcare and education.

Non governmental organisations

________: have a major role in promoting economic growth and economic development.

Deregulation

________: governments have placed many regulations on the operations of businesses which increases cost of production and reducing output in the economy.

Privatisation

________: sale of public government- owned firms to the private sector.

Microfinance

________: a financial service that is geared specifically to the poor.

Merit goods

________: provide many external benefit.

Humanitarian aid

________: is given to save lives and alleviate suffering in response to emergencies such as natural or human made cruises.

Empowerment

________ is the process by which women gain power and control over their own lives and have the ability to make strategic changes /choices.

Social enterprises

________: are organisations that have specific social objects as their primary goal.

Development aid

________: is given by governments and nonprofit organisations to alleviate systemic poverty and promote the social, environmental or political development in recipient countries.

Trade liberalisation

________: removal of trade barriers that block the free trade of goods and services between countries.

**Export promotion**

Outward oriented growth strategy based on openness and increased international trade

**Economic integration**

Developing countries have been involved in many preferential access schemes and regional free-trade agreements 

**Trade liberalisation**

removal of trade barriers that block the free trade of goods and services between countries 

**Privatisation**

1. sale of public government-owned firms to the private sector