Disparities in Wealth and Development Definitions

Created by: Alice Archaimbault
Created on: 14-04-14 10:31

core

The core includes major world powers and the countries that contain much of the wealth of the planet. The 'core' consists of Europe (excluding Russia, Ukraine, and Belarus) , the United States, Canada, Australia, New Zealand, Japan, South Korea.

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periphery

The periphery are those countries that are not reaping the benefits of global wealth and globalization. The 'periphery' consists of the countries in the rest of the world: Africa, South America, Asia (excluding Japan and South Korea), and Russia.

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GNI

Gross National Income- The sum of a nation's gross domestic product (GDP) plus net income received from overseas.

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remittances

A remittance is a transfer of money by a foreign worker to an individual in his or her home country.

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infant mortality

the death of children under the age of one.

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human development index

A tool developed to measure and rank countries' levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita.

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ethnicity

the fact or state of belonging to a social group that has a common national or cultural tradition.

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land ownership

Private ownership of land is an important factor in allowing people to grow food and generate income.

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millennium development goal

The Millennium Development Goals are eight international development goals that were established following the Millennium Summit of the United Nations in 2000.

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disparity

a great difference (in factors for example economic)

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market access

Market access for goods in the WTO means the conditions, tariff and non-tariff measures, agreed by members for the entry of specific goods into their markets

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debt relief

the partial or total remission of debts, especially those owed by developing countries to external creditors.

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aid

to provide support for or relief to;

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Other cards in this set

Card 2

Front

Back

periphery

Card 3

Front

Gross National Income- The sum of a nation's gross domestic product (GDP) plus net income received from overseas.

Back

Card 4

Front

A remittance is a transfer of money by a foreign worker to an individual in his or her home country.

Back

Card 5

Front

the death of children under the age of one.

Back

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Disparities in Wealth and Development Definitions