IB Economics/Development Economics

5.1 /Sources of Economic Growth and/or Development/ 5.2 /Consequences of Growth/ 5.3 /Barriers to Economic Growth/ 5.4 /Growth and Development Strategies/ 5.5 /Evaluation of Growth and Development Strategies/ Key Terms 310px|right center Absolute poverty Aid v trade (as a development strategy) Aid weariness Appropriate technology Bilateral aid Brain drain Capital flight Characteristics of LEDCs center Commodity pricing agreements Commodity concentration of exports Convertible currency Development De-development Development project examples (know why these lead to 'development'): maternity clinics/spacing children, agriculture extension projects, schools, HIV/AIDS awareness/prevention projects, clean water projects/well drilling, increased access to technology, literacy programmes, health education, microcredit schemes, immunization and vocational training Dual sector growth model (Lewis) Empowerment center Export-led growth (outward-oriented strategies) Fair trade (organizations) Foreign direct investment (FDI) G-20 G-8 Girl's education Globalisation Grant aid center Gross National Happiness (Bhutan), as an alternative indicator to GDP/GNP Growth strategies Growth is not development Harrod-Domar growth model Heavily Indebted Poor Countries (HIPCs) Human capital Human Development Index (HDI) Human Suffering Index (HSI) center Industrialisation LEDCs Import substitution (ISI, inward-oriented strategies/protectionism) Indebtedness Informal markets Infrastructure Institutional factors (contributing to development) International Monetary Fund (IMF) center MEDCs Microcredit/microfinance Millennium Development Goals (MDGs) Multilateral aid Multinational corporation/company (MNC) Newly Industrialized Countries (NICs) Non-convertible currency Non-governmental organizations (NGOs), e.g., Transparency International, Human Rights Watch, Medecins Sans Frontieres, Oxfam, Heifer International center Organisation for Economic Cooperation and Development (OECD) Official aid Poverty cycle Quality of life Relative poverty Soft loans South-South trade Standard of living center Structural adjustment policies (SAP) Sustainable development/sustainability Tied aid Transfer pricing Transnational company/corporation (TNC) UN Development Programme (UNDP) Unofficial aid World Bank