Studied by 17 people
Human Development
enlarging people’s freedom and improving their well-being
Social Development
investing in people and developing policies in social, cultural, and political aspect
Protectionism
government-imposed trade restriction limiting the amount or value of import/exports
Minimum Wage
the minimum hourly wage a company can legally pay a person
Cultural Poverty
deprivation of cultural awareness
Neo-Colonialism
the indirect control of a nation’s economy and politics, usually by multinational corporations (MNCs)
Free-Trade
international trade left to its natural course without tariffs, quotas, or other restrictions.
Equal Opportunities
the policy of treating employees and others without discrimination, especially on the basis of race, sex, age, or disability.
Economic Development
the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved
Consequences of Inequality
curtail a person's human rights, through discrimination, abuse and lack of access to justice.
Health & Economic Development
Health affects economic growth directly by increasing labour productivity and decreasing the costs of illnesses.
Disaster Relief
money to help rebuild an area after a disaster
Millennium Development Goals
to eliminate extreme poverty and hunger;
to achieve global primary education;
to empower women and promote gender equality;
to reduce child mortality;
to promote maternal health;
to fight malaria, HIV/AIDS, and other diseases;
to promote environmental sustainability; and
to develop a universal partnership for development.
Global Credit Crisis
period of extreme stress in global financial markets and banking systems between mid 2007 and early 2009
Income Inequality
how unevenly income is distributed throughout a population
Absolute Poverty
when a person or household does not have the minimum amount of income needed to meet the minimum living requirements needed
Effects of Poverty on Health
obesity, smoking, substance use, and chronic stress
Social Poverty
oppression, people groups that are undervalued and have few rights
Income Equality
Economic egalitarianism, a state of economic affairs in which equality of outcome has been manufactured for all participants
Relative Poverty
when households receive 50% less than average household incomes
Perspective
viewpoint on an issue
3 types of perspectives
personal, national, global
Note 
Flashcard (23)