Ch 31 -Strategies to promote economic growth and economic development

CCTs

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