unequal power relations

geog

EDC - emerging and developing countries

nations that have not yet established fully developed financial systems, but are not eligible for the poverty reduction and growth trust

LIDC - low income developing countries

countries that do not have well-established financial markets and are eligible for the poverty reduction and growth trust

AC - advanced countries

nations that are economically developed, with established and diverse financial markets, integration in global trade systems and growing service sectors

political stability

a government system that receives little disabling disruption from citizens; can be a totalitarian system or a democracy

political instability

a government system that is at risk of being overturned through civil unrest, political coups or a revolution

trade negotiations

discussions over the terms of exchange of products between countries

international division of labour

the concept of moving low-skilled work to developing countries and carrying out more skilled roles in developed countries

capital

monetary wealth or other assets that can be spent or invested in a business, helping to improve the economy

trade agreement

an arrangement between countries relating to the exchange of goods and services

inequalities

substantial and often disabling differences in wealth, opportunities, education, health, etc

conflict

a significant disagreement or argument that can often result in conflict

injustice

violation o discrimination of the rights of an individual, group or community

HDI - human development index

a measurement that assesses countries based on economic and social criteria, including GDP per capita, life expectancy and literacy rates

unequal power relations

some countries may have the capacity to control or heavily influence the actions of another country, which has little or no capacity itself

trade embargo

a partial or complete ban on exchange of goods with a particular country