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| Newly Industrialized Countries. Third world states that have achieved self-sustaining capital accumulation with impressive economic growth. Most impressive are the Four tigers |
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| The most successful NICs of East Asia : South Korea, Taiwan, Hong Kong, and Singapore |
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| A strategy of developing local industries, often conducted behind protectionist barriers, to produce items that a country had been importing |
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| An economic development strategy that seeks to develop industries capable of competing in specific niches in the world economy |
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| The use of very small loans to small groups of individuals, often women, to stimulate economic development |
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| Third World States' acquisition of technology from foreign sources, usually in conjunction with FDI |
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| Poor Countries' loss of skilled workers to rich countries |
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| Failure to make scheduled debt payments |
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| A reworking of the terms on which a loan will be repaid; frequently negotiated by third world debtor governments in order to avoid default |
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| A group of first world governments that have loaned money to third world governments ; it meets periodically to work out terms of debt renegotiations. Private creditors meet as the London Club |
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| Paris club but with Private loaners |
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| Money or other aid made available to LDCs to help them speed up economic development or meet humanitarian needs. Most is provided by governments and is often called ODA |
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| Development Assistance Committee. A committee whose members (N) provide 95% of ODA to S |
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| Government assistance that goes directly to third world governments as state-tostate aid |
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| Government foreign aid from several states that goes through a third party such as the UN |
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| UN Development Program. A program the coordinates the flow of multilateral development assistance and manages 5,000 projects at once around the world (focusing on technical development assistance) |
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| Started by JFK in 1961 that provides US volunteers for technical development assistance in third world countries |
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| A private charitable group that works with local third world communities to determine the needs of their own people and to carry out development projects. Oxfam does not operate the projects but rovides funding to local organizations to carry them out |
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| Provision of short term relief in the form of food, water, shelter, clothing and other essentials to people facing natural disasters |
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