IB Global Politics Development Latest Update 100% Solved

IB Global Politics Development Latest Update 100% Solved development a sustained increase in the standard of living within a society Maslow's Hierarchy of Needs physiological, safety, love/belonging, esteem, self- actualization socio-political combining social and political factors GDP Gross Domestic Product- the total market value of all final goods and services produced annually in an economy Gini Coefficient 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) a measure of a country's standard of living, including health and education HPI (Happy Planet Index) measures the standard of living and wellbeing by measuring life expectancy, experienced wellbeing and ecological footprint Modernization Theory a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations Neoliberalism 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) minimum acceptable standards agreed by world leaders in 2000 to halve world poverty by 2015