Across
- 3. when a firm or country concentrates production on one or a few goods and services
- 4. skills, ability, and knowledge acquired by people with good levels of health that make them productive
- 10. low incomes = low savings = low investment in physical, human and natural capital = low growth in income
- 11. growth and trade strategy where a country attempts to achieve economic growth by expanding its exports
- 12. refers to the level of debt or money owed to creditors
- 13. loans that are offered at lower interest rates and longer repayment periods
- 14. a new domestic industry that has not had time to establish / achieve its efficiencies and is unable to compete with a more mature competitor
- 16. wealthy high educated coexisting with poor illiterate informal/formal sector - low productivity agricultural sector and high productivity urban industrial sector
- 18. programme to provide credit in small amounts to people who do not ordinarily have access to credit
- 20. any product that is produced in the primary sector
- 22. donors make the recipients of foreign aid spend a portion of the borrowed funds on purchased g/s from the donor country
- 23. government policies designed to support the growth of the industrial sector ie tax cuts, grants, human capital investment
- 24. lending to developing countries to assist their development on non-concessional terms (from organisations or a group of countries)
- 28. area between the diagonal and the Lorenz curve, divided by the area under the diagonal
- 30. outside of the formal economy, illegal, unregistered, unregulated
- 31. foreign aid intended to help economically less developed countries
- 32. a summary measure of more than one indicator, ex. HDI
- 33. policy of liberalising trade by eliminating trade protection and barriers
Down
- 1. the inability of an individual or family to afford a basic standard of goods and services
- 2. an international organization that provides the institutional and legal framework for the trading system that exists between member nations
- 5. non-profit organisations that provide a very wide range of services and humanitarian functions
- 6. spending by firms or government on capital goods
- 7. technologies that are well-suited to a country's particular economic, geographical, climate conditions
- 8. a type of foreign aid consisting of funds that are in effect gifts
- 9. financial investment including investment in stocks and bonds
- 15. foreign aid offered by countries or by international organizations
- 17. trade protection measures taking the form of administrative procedures
- 19. arises when a country has a lower relative cost in the production of a good than another country
- 21. investment by firms based in one country in productive activities in another country
- 25. rises in the standard of living and well-being of a population
- 26. a firm that is based in one country that undertakes productive investments in another country
- 27. free movement of financial capital in and out of a country
- 29. concessional financial flows from the developed world to LDCs