- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
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A country whose per capita income is low by world standards. Same as less developed country. As usually used, it does not necessarily connote that the country's income is rising.
Industry:Economy
A multilateral institution that provides financing for development needs of a regional group of countries. Examples include the African, Asian, and Inter-American Development Banks.
Industry:Economy
A governmental or inter-governmental body that provides development finance.
Industry:Economy
A project intended to increase a developing country's ability to produce in the future. Such projects are most commonly additions to the country's capital stock, but they may involve improvements in infrastructure, educational facilities, discovery or development of natural resources, etc.
Industry:Economy
1. In a matrix, the elements on a straight line from the top left to the bottom right, or occasionally from the bottom left to the top right. 2. In an Edgeworth box, the straight line from the bottom left corner to the top right. Along the diagonal, the ratios of allocations of the two agents (industries or consumers) are constant and equal. 3. In an integrated world economy diagram, the straight line from the bottom left corner to the top right. Along the diagonal, the ratios of factor endowments of the two coutries are constant and equal.
Industry:Economy
1. A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product. 2. Sometimes applied to products produced by a country, even though there are many firms within the country whose products are the same, if buyers distinguish products based on country of origin. This is called the Armington assumption.
Industry:Economy
A measure of factor content that includes only the factors used in the last stage of production, ignoring factors used in producing intermediate inputs. Contrasts with direct-plus-indirect factor content.
Industry:Economy
1. Refers to the particular countries and kinds of countries toward which a country's exports are sent, and from which its imports are brought, in contrast to the commodity composition of its exports and imports. Thus the pattern of its bilateral trade. 2. Direction of Trade Statistics.
Industry:Economy
Activities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire to make profit, typically from market distortions created by government policies. Examples are rent seeking and revenue seeking. Term coined by Bhagwati (1982).
Industry:Economy
