When Complete, Hudson Yards Will Contribute $18.9 Billion To New York City—More Than Iceland's GDP
The company behind the $20 billion Hudson Yards development on Manhattan's West Side expects economic activity there to eventually rival the gross domestic product of Iceland, according to an analysis...
Angus Deaton Wins Nobel Prize In Economics
A British-born Princeton professor, Angus Deaton, has won the Nobel prize in economics for his work charting global developments in health, wellbeing and inequality. The Nobel Committee said the econo...
Dependent territory
A dependent territory, dependent area or dependency is a territory that does not possess full political independence or sovereignty as a sovereign state yet remains politically outside of the controll...
Dependent territory - Wikipedia
Economic development
Economic development is the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be r...
Associated state
An associated state is the minor partner in a formal, free relationship between a political territory with a degree of statehood and a (usually larger) nation, for which no other specific term, such a...
When Complete, Hudson Yards Will Contribute $18.9 Billion To New York City—More Than Iceland's GDP
The company behind the $20 billion Hudson Yards development on Manhattan's West Side expects economic activity there to eventually rival the gross domestic product of Iceland, according to an analysis...
Potential superpowers
A potential superpower is a state or a political and economic entity that is speculated to be, or is in the process of becoming, a superpower at some point during the 21st century. Presently, only ...
Potential superpowers - Wikipedia
Hyperpower
A superpower is a state with a dominant position in international relations and is characterised by its unparalleled ability to exert influence or project power on a global scale. This is done through...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large inv...
Ragnar Nurkse's balanced growth theory - Wikipedia
Priority sector lending
Priority Sector Lending is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture or sm...
Middle income trap
The middle income trap is a theorized economic development situation, where a country which attains a certain income (due to given advantages) will get stuck at that level. The concept was coined in 2...
O-ring theory of economic development
The O-ring theory of economic development is a model of economic development put forward by Michael Kremer in 1993, which proposes that tasks of production must be executed proficiently together in or...
Leading Group on Innovative Financing for Development
The Leading Group on Innovative Financing for Development is a global platform made up of 55 member countries with differing levels of development, operating alongside internationa...
Leading Group on Innovative Financing for Development - Wikipedia
Great power
A great power is a sovereign state that is recognized as having the ability to exert its influence on a global scale. Great powers characteristically possess military and economic strength, as well as...
Great power - Wikipedia
Barbados Programme of Action
The United Nations Programme of Action on the Sustainable Development of Small Island Developing States, popularly referred to as the Barbados Program of Action (BPOA), is a policy document that both:...
Mumbai Consensus
The Mumbai Consensus is a term used to refer to India's particular model of economic development, with a "people-centric" approach to managing its economy which may be taken up by other developing nat...
Protectorate
A protectorate, in its inception adopted by modern international law, is an autonomous territory that is protected diplomatically or militarily against third parties by a stronger state or entity. In ...
Protectorate - Wikipedia
National Reconstruction Bureau
The National Reconstruction Bureau (reporting name: NRB) of Pakistan is an independent and constitutionally established federal institution tasked with economic recovery and prosperous development thr...
Protecting power
A protecting power is a state which somehow protects another state, and/or represents the interests of the protected state's citizens in a third state.In diplomatic usage, "protecting power" refers to...
Protecting power - Wikipedia
Compact of Free Association
A Compact of Free Association (COFA) is a type of diplomatic relationship that an independent country has with the United States of America, as an associated country. Presently, there are three sovere...