development
an improvement in the quality and quantity of life
hdi
human development index: composite measure of development that includes longevity, education index, and standard of living
ihdi
inequality adjusted human development index: hdi that measured the level of human development when inequality is accounted for
gii
gender inequality index: measures gender inequalities in the aspects reproductive health, empowerment, economic status
micro finance
the provision of financial services for entrepreneurs and small businesses. it allows those who would normally be unable to borrow from large banking institutions the opportunity to obtain loans.
gdp
the total value of goods and services produced within a country in a given period of time
gni
the total value of goods and services produced within a country, plus income and payments from abroad (e.g. remittances)
empowerment
the process through which individual or groups gain the knowledge, skills, opportunities, and resources needed to achieve equality, assert their rights, and actively participate in social, economic, political, and cultural spheres
intersectionality
a framework that describes how our overlapping social identities relate to social structures of racism and oppression, merging many identity markers, including race, class, gender, sexual orientation, age, ethnicity, religion, disability, and more to create a more truthful and complex identity
diaspora
migrants or descendants of migrants, whose identity and sense of belonging have been shaped by their migration experience and background
fair trade
trade that attempts to be socially, economically, and environmentally responsible and which companies take responsibility for the wider impact of their business
csr
corporate social responsibility: the attempts of companies to assess the social, economic, and environmental impacts of their activities
culture
the way of life or characteristics of a group of people
cultural traits
the different aspects of cultures including language, beliefs, dress, religion, food, etc.
cultural hybridity
the intermixing of different cultures
cultural imperialism
the practice of promoting the culture of one nation in another
indigenous people
an ethnic group with historical ties to a particular geographic location
consumer culture
an economy based around the purchase of material possessions and services and the idea that buying them leads to happiness
glocalisation
combined the word globalisation and localisation. glocalisation is the adaptation of global products to meet the demands of the local market
homogenisation of landscapes
the process of places becoming more uniform or similar to each other
anti-globalisation
opposition to the global economic system and the demands for a more democratic and equal system
global civil society
individual, associations and movements, independent of the state. which aim to change policies and social structures at local, national, or international levels
populism
political ideas that appeal to the ordinary person that feel neglected by the elite
protectionism
when policies are set up to shield a countryâs domestic industries from from foreign competition
comparative advantage
when a country can produce a good or service at a lower cost than another
resource nationalism
the process of governments asserting control and taking ownership of their natural resources