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Development Vocab

Terms in this set (4)

A process of improvement in the material conditions of people through the diffusion of knowledge and technology.

Alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.

foreign direct investment (FDI)

Investment of a foreign company in the economy of another country.

Gender Empowerment Measure (GEM)

Compares the ability of women and men to participate in economic and political decision-making.

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