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Political globalization is the growth of the worldwide political system, both in size and complexity. That system includes national governments, their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement ...
Gross world product. The gross world product ( GWP ), also known as gross world income ( GWI ), [1] is the combined gross national income (previously, the "gross national product") of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic ...
Middle class. Global shareholders of wealth by wealth group, Credit Suisse, 2021. The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, [1] capitalism and political debate. [2]
Gross domestic product ( GDP) is a monetary measure of the market value [2] of all the final goods and services produced in a specific time period by a country [3] or countries. [4] [5] [6] GDP is more often used by the government of a single country to measure its economic health. [3] Due to its complex and subjective nature, this measure is ...
Pediatrics, obstetrics. Intrauterine growth restriction ( IUGR ), or fetal growth restriction, is the poor growth of a fetus while in the womb during pregnancy. IUGR is defined by clinical features of malnutrition and evidence of reduced growth regardless of an infant's birth weight percentile. [5] The causes of IUGR are broad and may involve ...
Global imbalances refers to the situation where some countries have more assets than the other countries. In theory, when the current account is in balance, it has a zero value: inflows and outflows of capital will be cancelled by each other. Hence, if the current account is persistently showing deficits for certain period, it is said to show ...
The term sustainability is derived from the Latin word sustinere. "To sustain" can mean to maintain, support, uphold, or endure. [28] [29] So sustainability is the ability to continue over a long period of time. In the past, sustainability referred to environmental sustainability.
Green growth. Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [1] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required.