Examlex
After the end of the Cold War, a new view of international development emerged that relied on international institutions like the World Bank and the International Monetary Fund to encourage nation-states to achieve prosperity by finding a niche in the growing global capitalist market. This view is called
Trade Deficit
The situation when a country imports more than it exports.
Economic Dependency
The condition of relying heavily on another economy for support, goods, services, or financial aid.
Income Distribution
How a nation’s total GDP is distributed amongst its population, affecting economic inequality.
Global South
A term used to describe countries considered lower-income and predominantly situated in the Southern Hemisphere, often focusing on their development challenges.
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