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.

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