Glossary Category: Economic Development - Page 4 - 3auk

Kuznets curve

The Kuznets curve is a theory suggesting that as a country develops economically, income inequality first increases and

The Multidimensional Poverty Index (MPI) was launched in 2010 by the Oxford Poverty and Human Development Initiative (OPHI)

The Measure of Economic Welfare (MEW) is an indicator designed to provide a more accurate view of a

The Human Development Index (HDI) is a tool used to rank countries based on their level of human

Economic development is a process that improves the living standards and general well-being of people in a country.

Sustainability in economics refers to the ability to meet present needs without compromising the ability of future generations

Sustainable economic growth is the process of increasing a country’s wealth over the long term without harming the

Inclusive economic growth is a type of economic progress that is shared fairly among all members of society.