Definitions

Advanced countries (AC)

Countries which share a number of important economic development characteristics including well-developed financial markets, high degrees of financial intermediation and diversified economic structures with rapidly growing service sectors. ‘ACs’ are as classified by the IMF.

Emerging and developing countries (EDC)

Countries which neither share all the economic development characteristics required to be advanced or are eligible for the Poverty Reduction and Growth Trust. ‘EDCs’ are as classified by the IMF

Low-income developing countries (LIDC)

Countries which are eligible for the Poverty Reduction and Growth Trust (PRGT) from the IMF. ‘LIDCs’ are as classified by the IMF.

Geographical Information System (GIS)

A digital system for capturing, storing, checking and displaying data related to positions on the Earth’s surface. GIS can show many different kinds of data on one map, such as streets, buildings, and vegetation. These additional layers enable people to more easily see, analyse and understand patterns and relationships.

Local scale

A local scale can be either local to the learner or another small-scale location

Regional scale

A region is an area of land that has common features. These features can be artificial such as dialect, language, religion, industry or administrative boundaries. Features can also be natural such as climate or landscape

Economic Hub

A place that is considered to be a focal point for the economy of its area. This could be a particular part of a city, a town or city or a region.