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Global Studies Poverty Vocabulary

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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