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8-7 National Poverty Reduction Program

Program by China to lift 80 million poor people above the government poverty line during a span of seven years

Basic Needs

Food, clothing, shelter, education, health

Colonization

The act of establishing a population in new territory that maintains allegiance to the parent country

Creditor

A person to whom money is owed

Economic Development

The process of raising the level of prosperity in a society

Education

The act of teaching or receiving learning

Extreme Poverty

Living on less than $1.25 a day

Fair wage/living wage

Earning enough to adequately provide for basic needs

Food scarcity

Not enough food to support everyone

Foreign aid

Help by outside countries

GDP (Gross Domestic Product)

The amount of goods or services generated each year by a country

Genuine Progress Indication

Alternative system that looks at a holistic picture of what is happening inside an economic system

Geography

The study of physical features of the Earth

Governance

The traditions, institutions, and processes that determine how power is exercised, how citizens are given a voice, and how decisions are made

Health

A person's mental or physical condition

Human Development

The process of creating an environment that enables people to live long, healthy, and creative lives

Human Development Index

Assesses a nation's well being according to three parts: standard of living, educational attainment, and life span

IMF (International Monetary Fund)

Promote international monetary cooperation and economic stability to foster economic growth and high levels of employment and to provide temporary financial assistance to countries in need

Income

How much an individual or family earns on a regular basis

Infrastructure

The basic facilities, services, and installations needed for the functioning of a community or society

KIVA Organization

Organization that gives microcredit

Market Economy

Individual businesses generate wealthy, in society, little government help

Mixed Economy

Stronger government involvement and large businesses

Microcredit

Act of providing small amounts of money at low interest to people in poverty

Middle Class

A class where people earn enough money to provide for basic needs and can only afford some luxuries

Migration

People migrate to urban cities to find work

Millennium Development Goals (MDG)

Target specific international development goals including eradicating extreme poverty, reducing child poverty, and fighting epidemics

Multidimensional Poverty Index (MPI)

Is there a dirt, dung, or actual floor in home?
Is drinking water within 30 minutes of walking within one's house?
Are school aged children enrolled in a school?

Multilateral Aid

Aid from other countries

Poverty

A decrease in one's well being due to a lack of basic needs

Purchasing Power

Buying power through different ways

Quality of Life

GNH (gross national Happiness) measures quality of life in a holistic way beyond economic progress

Relative Poverty

An income that is lower than the average income for a given area

Resource Scarcity

Lack of resources in a given area

Slum

Urban neighborhoods that house large numbers of poor people

Social Fabric

Harmony between people

Social Inequity

Result of colonization

Socioeconomic Classes

Upper, middle, lower, extremely poor

Standard fo Living

The level of comfort and material wealth of an individual or society

Structural Poverty

Society is structured in a hierarchy based of social economic classes

Transparency

tells us reasons why they do what they do

Upward Social Mobility

Moving up class levels

Urban Challenges of Poverty

Moving to city for more opportunities from rural

World Bank

International financial organizations that makes loans to developing countries

Zero Hunger Project (Brazil)

Makes sure no one goes hungry, assistance programs that supports people in getting basic foods and teaches them about health

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