Reducing Disparities
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Created by:
yachintas on April 30, 2012
Subjects:
Geography: Core Theme- Patterns and Change
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11 terms
Terms | Definitions |
|---|---|
 Expanding Trade | linkage between labour markets of developed countries more closely with developing countries |
| Trading blocs | agreement between several nations to allow free trade for tariffs to impose by limit on imports and exports |
| Fair Trade | benefits to people for production to help alleviate poverty in marginalized countries to minimize environmental problem with investment to attempt social, economic and environmental to take care of trade and ethical trade to address the failures of trade |
| Export Processing Zones | labour-intensive manufacturing centers that involve the import of raw materials and the export of primary products |
| Free Trade Zones | zones for manufacturing which does not have to take place in order for trading privileges to be gained by retailing |
| Industrialization | the development of industries for the machine production of goods |
| Debt Relief | Forgiveness of debts owed by developing nations to industrialized nations or institutions such as the World Bank, in order to allow the government to shift funds toward social development (development to help their people). |
| Aid | a gift of money to support a worthy person or cause |
| Remittances | Money migrants send back to family and friends in their home countries, often in cash, forming an important part of the economy in many poor countries |
| Structural Adjustment Programmes | A process recommended by the IMF and World Bank to developing countries, including: -Freely convertible currency -Combat inflation -Increase taxation -Increase FDI inflows -Supply-side policies |
| Heavily Indebted Poor Countries | the subset of countries identified by the World Bank's Debtor Reporting System whose ratios of debt to gross national product are so substantial that they cannot meet their payment obligations without experiencing political instability and economic collapse |
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