Globalisation and Economic Development Crossword Puzzle

QUESTIONS LIST:

• capital deepening : an increase in the amount of capital per worker, which can lead to higher productivity and economic growth.
• capital widening : the process of increasing the amount of capital to keep pace with a growing labour force without necessarily increasing productivity.
• income distribution : the way in which a country’s total gdp is distributed among its population, which may reflect income inequality or income equality.
• economic development : a qualitative process involving structural changes in an economy, such as industrialisation, urbanisation, and improvements in social and economic infrastructure.
• economic growth : an increase in real gdp over time, which is a quantitative measure of an economy's productive capacity.
• advanced economies : high-income countries with per capita incomes over us$13,846, typically characterised by high levels of industrialisation, technology, and standard of living.
• developing economies : low-income economies with per capita incomes below us$4,465, often characterised by low levels of saving, investment, and infrastructure.
• emerging economies : upper-middle-income countries with per capita incomes between us$4,466 and us$13,845, experiencing rapid economic growth and development.
• financial contagion : the spread of financial crises from one country to another due to increased global economic integration.
• fdi : investments made by a firm or individual in one country in a firm in another country, in the form of establishing business operations or acquiring business assets.
• real gdp : a measure of the value of all goods and services produced in an economy during a period of time, adjusted for inflation.
• globalisation : the increased integration of the world's economies through reductions in trade barriers, financial market liberalisation, and the rise of global trade and investment.
• gni : the total income earned by a country’s residents and businesses, including any income earned abroad, during a specific period (usually a year).
• hdi : a composite index measuring average achievement in three basic aspects of human development: life expectancy, education (mean years of schooling), and per capita income.