Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Per capita means per person and so indicates the average personal income.
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Sustainable development
Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs
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Birth/Death Rate
the number of live births/deaths per thousand of population per year.
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Infant Mortality Rate
The amount of infants that die prior to their first birthday, per 1000 births.
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Life Expectancy
the average period that a person may expect to live.
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Literacy Rate
Literacy rate refers to the percentage of people over 15 who are able to read and write
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HIPC
The heavily indebted poor countries (HIPC) are a group of 38 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank.
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NEE
Newly emerging economies.
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LIC
low income country
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NIC
Newly industrialised country
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Development indicators
A numerical measure of quality of life in a country. Indicators are used to illustrate progress of a country in meeting a range of economic, social, and environmental goals.
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Debt
A sum of money that is owed or due
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Fairtrade
trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.
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Microfinance Loans
Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. It allows them to start a business and gain income
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Interest
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
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Demographic Transition
Demographic transition (DT) is the to the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system
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Human development index
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries
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Millennium Development Goals
The Millennium Development Goals (MDGs) are the world's time-bound and quantified targets for addressing extreme poverty in its many dimensions
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Aid
Practical help, typically given internationally.
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Development gap
The Development Gap refers to the widening difference in levels of development between the world's richest and poorest countries.
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Other cards in this set
Card 2
Front
Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs
Back
Sustainable development
Card 3
Front
the number of live births/deaths per thousand of population per year.
Back
Card 4
Front
The amount of infants that die prior to their first birthday, per 1000 births.
Back
Card 5
Front
the average period that a person may expect to live.
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