Examlex
How do states become "modern"-that is,economically and technologically developed and responsively governed? What is problematic about the use of "modern" as a standard?
Reserve Requirement
A regulation set by central banks that determines the minimum amount of reserves a bank must hold against deposits, influencing the bank's capacity to lend.
Total Factor Productivity
A measure of the efficiency of all inputs to a production process, reflecting the output produced per unit of input.
Human Development Index
An index measuring key dimensions of human development: life expectancy, education, and per capita income.
Gini Coefficient
A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
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