Editing Development Economics (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Development Economics''' — The study of how economies transition from low-income to high-income status.
* '''GDP per Capita''' — Total GDP divided by population; a primary (though incomplete) measure of development.
* '''Human Development Index (HDI)''' — A composite statistic of life expectancy, education, and per capita income.
* '''Poverty Trap''' — A mechanism which makes it very difficult for people to escape poverty (e.g., lack of capital, poor health).
* '''Microfinance''' — Small loans provided to individuals or groups who lack access to traditional banking.
* '''Conditional Cash Transfer (CCT)''' — Programs that provide money to the poor on the condition that they meet certain criteria (e.g., sending children to school).
* '''Foreign Aid''' — Money, food, or other resources given by one country to another.
* '''Institutions''' — The "rules of the game" (laws, property rights, customs) that shape economic behavior.
* '''Informal Economy''' — The part of an economy that is neither taxed nor monitored by any form of government.
* '''Brain Drain''' — The emigration of highly trained or intelligent people from a particular country.
* '''Resource Curse''' — The paradox that countries with an abundance of natural resources tend to have less economic growth.
* '''Sustainability''' — Meeting the needs of the present without compromising the ability of future generations to meet theirs.
* '''Randomized Controlled Trial (RCT)''' — An experimental method used to test the effectiveness of specific development interventions.
* '''Purchasing Power Parity (PPP)''' — An adjustment made to income figures to account for the different costs of living in different countries.
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