Global Development

• Neo-colonialism: The way in which the developed countries of the world continue to exploit poorer nations
• Oxfam: An NGO committed to helping those living in poverty in less developed parts of the world
• underdeveloped: Lacking the economic and social characteristics needed in order to advance and modernise
• Human Development Index: A measure of a country's standard of living, including health and education
• The Tiger Economies: Fast-growing economies of Southeast Asia, including South Korea, Singapore, and Taiwan.
• Modernisation by Diffusion: The introduction of certain values, which slowly spread throughout an entire country and lead to development
• Tied aid: Aid given to a foreign country with conditions attached
• Debt trap: The inability of third world countries to pay back their loans to Western creditors.
• McDonalidsation: The idea that the world is being Westernised with a homogenised and predictable culture
• Globalisation: The growing integration of the world's economies
• Cultural Imperialism: Domination of one culture over another by a 'colonial' power
• New international division of labour: Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries.
• Neo-Malthusian Theory: The belief in the idea that human suffering is now occurring due to over-population and environmental destruction
• Export processing zones: zones established by many poorer countries where they offer favorable tax and trade arrangements to attract foreign trade and investment
• Demographic transition: The gradual change in a population from high birth and death rates to low birth and death rates
• Sustainable development: Economic development that is conducted without the depletion of natural resources or irreversible destruction to the environment
• Millennium Development Goals: Eight international development goals that all members of the United Nations have agreed to achieve by 2015
• Neo-liberalism: An approach to the world economy, that favours reduced tariffs, the privatization of industry, and the end of government efforts to regulate the economy.
• Civil War: A war between people - or groups within the same country.
• Take off: Rostow's third stage where a country successfully industrialises