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26 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Development means... |
Economic growth Process of structural change Liberation of freedom Equality of well being |
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Ethical goals |
System of social support Welfare state Moral obligation to poor Ensure basic human rights Security to all clients Distribution of justice |
6 points |
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Cosmopolitanism |
- Justice for all humanity and global redistribution justice regardless of nationality, gender, ethnic background, religious identity, political orientation |
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Libertarians |
Accord low value to national boundaries but do not believe in strong duties towards others |
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GNP/ GNI |
Gross national product/ Gross national income- the total monetary value of all final goods and services produced within boarders over a specific period of time. Both terms are generally the same, with the world bank's using GNI |
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GDP |
Gross domestic product- same definition of GNP/GNI but included the goods made by resident foreigners in a country and excludes goods produced by residence who are living abroad |
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PPP |
Purchase power parity- a theory which states that exchange rates between currencies are complete when their purchasing power is the same in two countries |
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HDI |
Human development index- a composite measure made by the UNDP of three factors: 1. a long and healthy life, 2. knowledge 3. standard of living. This index recognizes that more factors need to be considered in order to have a healthy development, other than income |
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ILO |
International Labour organization- ensures that it serves the need of working women and men by bringing together governments,employers and workers to set Labour standards, develop policies and devise programmes |
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USAID |
United states agency for international development- provides economic, development and humanitarian assistance around the world in support of the foresight policy goals for the United states |
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NIC |
Newly industrialized country- a countries level of economic development is ranked somewhere between developing and first world country |
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Imperialism |
An economic system in which a state expands external investments to another country and also controlled markets and raw material of that country |
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Colonialism |
Setting and occupy a particular territory Expansion of a territory Displacing and resetting of a population The ruling of some people over others |
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Capitalism |
Economic system on which trade, industries, and the means of production are largely or entirely owned and operated for profit |
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Nationalism |
- The belief that people who share common language, history, and culture should constitute an independent nation, free of foreign domination - The strong belief that the interest of a particular nation are of primary importance |
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MNC |
Multinational corporations- an organization that owns or controls production of goods and services in one or more countries other than their home country. Also is investments across national boarders, creating operations in more than one country, more of an investment process |
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TNC |
Transnational corporations- does not identify itself with one national home, they spread out their operations in many countries to sustain high levels of local responsiveness |
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Neo- colonialism |
The geopolitical practice of using capitalism, business globalization, and cultural imperialism to influence a country, in lieu of either direct military control (imperialism) or indirect political control (hegemony) |
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Hegemony |
The political or economic or cultural power and control over others |
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Marxism |
The economic and political theory and practice that holds: - that actions and human institutions are economically determined - that the class struggle is the basic agency of historical change - that capitalism will ultimately be suspended by communism |
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Communism |
A social, political and economical ideology and movement whose ultimate goal is the establishment of the communist society, which is a socio-economic order structured upon the common ownership of the means of production and the absence of social class, money, and the state |
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What are the 5 problems with the GNP/ GNI measure? |
1. Ignores questions of distribution, since it is a national average 2. Includes non good (bad) goods and services 3. Ignores non market goods (and bads) 4. Exchange rate conversions (how to make comparisons across countries) 5. Per capita income is the measure that has been used to classify countries as to whether they were least developed, low income, middle income, etc. |
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Globalization |
The economic, sociological and cultural process by which nation states, organizations and individuals become increasingly interlinked and interdependent |
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Fourth world |
- the most underprivileged and oppressed people within the developed countries and third world countries. - examples of the aboriginal living in the reserves in Canada, a developed country |
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Professionalization of development |
The process by which the politics of truth is created and maintained |
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Institutionalization of development |
The establishment of an institutional field in which and from which, discourse and techniques are produced, recorded, stabilized, modified and put into operations |
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