IB Global Politics Development Questions with complete Solutions!!

development - Answer-a sustained increase in the standard of living within a society Maslow's Hierarchy of Needs - Answer-physiological, safety, love/belonging, esteem, self-actualization socio-political - Answer-combining social and political factors GDP - Answer-Gross Domestic Product- the total market value of all final goods and services produced annually in an economy Gini Coefficient - Answer-A measure of income inequality within a population, ranging from zero for complete equality, to one if one person has all the income. HDI (Human Development Index) - Answer-a measure of a country's standard of living, including health and education HPI (Happy Planet Index) - Answer-measures the standard of living and wellbeing by measuring life expectancy, experienced wellbeing and ecological footprint Modernization Theory - Answer-a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations Neoliberalism - Answer-an economic and political worldview that sees the free market as the main mechanism for ensuring economic growth, with a severely restricted role for government MDGs (Millennium Development Goals) - Answer-minimum acceptable standards agreed by world leaders in 2000 to halve world poverty by 2015