Changing Economic World Key Terminology

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Aid

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23 Terms

1

Aid

when a country or NGO donates resources to another country to help it develop or improve people’s lives

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2

Birth rate

the number of births a year per 1000 of the total population

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3

Death rate

the number of deaths in a year per 1000 of the total population

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4

Debt relief

cancellation of debts to a country by a global organisation such as the World Bank

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5

Development

the economic progress of a country and improvements to quality of life

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6

Development gap

difference in standards of living and wellbeing between the world’s richest and poorest countries

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7

Displaced person

a person who is forced to move from home but stays in their country of origin

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8

Economic migrant

a person who moves voluntarily to seek a better life, such as a better-paid job

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9

Emigration

the migration of people out of a country

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10

Fairtrade

producers in LICs given a better price for their goods such as cocoa, coffee and cotton

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11

Gross National Income (GNI)

measurement of economic activity calculated by dividing the gross (total) national income by the size of the population

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12

Human Development Index (HDI)

a method of measuring development where GNI per capita, life expectancy and adult literacy are combined

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13

Immigrant

a person who moves into a country

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14

Immigration

the migration of people in to a country

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15

Infant mortality rate

the number of babies that die under a year of age, per 1000 live births

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16

Life expectancy

the average number of years a person is expected to live.

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17

Loan

a sum of money borrowed to be paid back on agreed terms

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18

Malaria

a life-threatening disease transmitted to people by infected mosquitoes

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19

Microfinance loans

very small loans which are given to people in LICs to help them start a business

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20

Migration

when people move from one area to another

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21

Refugee

a person forced to move from their country of origin as a result of civil war or a natural disaster such as an earthquake

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22

Trade

buying and selling of goods and services between countries

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23

Trading group

countries which have grouped together to increase trade between them by cutting taxes to discourage trade with non-members

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