Help that is given, usually by rich organisations/countries to poorer, to help the reciever to develop or cope with a disaster.
Aid from one country directly to another.
Aid from organisations which involve many countries.
A lack of essential resources (food, water) to do anything more than just survive. People often suffer from malnutrition and have only the minimum calories for survival.
When an individual or business is unable to continue trading because of business.
One country taking political and economic control of another country in its own interests.
To categorise a whole ethnic group of culture as one having only a few qualities, for example, dependant, greedy.
Money or resources loaned to help a country develop its economy, or improve its services and infrastructure. Usually large amounts of money, from a government or international organisation such as the World Bank, which have to be paid back, sometimes with interest.
Improving a country's ability to create wealth through increasing trade and improving education, transport, health care to make life better.
Economic Development Indicator
A statistical measure of a country's wealth and level of development, for example, GNP, health indicators such as life expectancy or number of people per doctors, education indictors such as level of literacy or average years of schooling.
Taking advantages of other people and their resources for your own profit.
Paying producers in LEDCs full market rates for their products, rather than forcing them to sell at a low rate.
A natural environment that is prone to disasters from extreme weather or other geological events.
The free movement of goods and products to other countries without restrictions (trade barriers).
In the context of global inequality studies, this is the state of being cut of from the rest of the world. This happens when a country or group decides it does not want to be concerned about global problems.
Less economically developed country: has less wealth than an MEDC; the population has a lower standard of living and the country has less developed industry and technology than an MEDC. Usually has lower life expectancy and poorer standards of health care and education.
The tendency to be interested only in wealth and things that money could buy.
More economically developed country: has high levels of wealth and advanced industry and technology. The population has a high standard of living and good services (health and education).
Equipment and techniques that make living and producing goods easier and more profitable.
Companies that have industrial plants, factories and sales outlets across the world. These companies have lots of money and are able to move around the world to make use of cheap resources and labour wherever they find them, for example, Shell Oil, VW, Sony and Microsoft.
Voluntary organisations, such as Oxfam or Save the Children, which collect money from the public and use it as aid to help LEDCs.
The Poverty Cycle
A situation in which the effects of being poor make it difficult or impossible to climb out of poverty. For example, low wages -> malnutrition -> bad health -> can't work -> absolute poverty. Poverty causes deeper poverty.
(1) being poor compared with other countries or with the average of the rest of the world. (2) being poor compared with the average of the rest of the country.
Methods of restricting the imports of goods by imposing taxes when they come into a country, or setting a quota, or refusing to allow the importing of certain goods for unnecessary 'health and safety' reasons. Normally used to protect home produces from competition.