Global Economic Health and Quality of Life Analysis

Exchange rate

The rate at which the money of one country is traded for another.

Low-cost imports

Keep inflation in check by holding prices down.

Protectionism

Government policies aimed at shielding a country's industries from foreign competition. Unfortunately, a country's GDP suffers.

Import quota

Limits placed on the quantity of imports a nation will allow for a specific product.

Embargo

A total ban on trade with a particular nation or of a particular product.

Dumping

Charging less than the actual cost, or less than the home-country price, for goods sold in other countries.

Sanctions

Politically motivated embargoes that revoke a country's normal trade relation status.

Poverty rate

The percentage of a country's population living below the poverty line, meaning they can't afford basic needs like food, housing, and clothing.

Unemployment rate

The percentage of people in the labor force who are actively looking for a job but can't find one.

Income inequality (Gini index)

A measure of how unevenly income is distributed in a country, from 0 (everyone earns the same) to 100 (one person earns everything). Higher means more inequality.

Labor force participation rate

The percentage of working-age people who are either