labour-intensive sectors
21land reform — any program, esp. when undertaken by a national government, involving the redistribution of agricultural land among the landless. [1840 50, Amer.] * * * Deliberate change in the way agricultural land is held or owned, the methods of its… …
22economic development — Process whereby simple, low income national economies are transformed into modern industrial economies. Theories of economic development the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries… …
23Economy of South Korea — The economy of South Korea is the third largest in Asia and the 13th largest in the world by GDP (PPP) as of 2007. In the aftermath of the Korean War, South Korea grew from a poor developing country to a wealthy developed country. From the mid to …
24Spain — /spayn/, n. a kingdom in SW Europe. Including the Balearic and Canary islands, 39,244,195; 194,988 sq. mi. (505,019 sq. km). Cap.: Madrid. Spanish, España. * * * Spain Introduction Spain Background: Spain s powerful world empire of the 16th and… …
25Malta — /mawl teuh/, n. 1. an island in the Mediterranean between Sicily and Africa. 95 sq. mi. (246 sq. km). 2. a former British colony consisting of this island and two small adjacent islands: now an independent sovereign state and a member of the… …
26Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …
27Balassa-Samuelson effect — The Balassa Samuelson effect (also known as Harrod Balassa Samuelson effect (Kravis and Lipsey 1983), the Ricardo Viner Harrod Balassa Samuelson Penn Bhagwati effect (Samuelson 1994, p. 201), productivity biased purchasing power parity (PPP)… …
28Dual Sector model — The Dual Sector model, or the Lewis model, is a model in Developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, a traditional agricultural sector and a modern industrial… …
29Ecuador — Ecuadoran, Ecuadorean, Ecuadorian, adj., n. /ek weuh dawr /, n. a republic in NW South America. 11,690,535; 109,483 sq. mi. (283,561 sq. km). Cap.: Quito. * * * Ecuador Introduction Ecuador Background: The Republic of the Equator was one of three …
30Vietnam — /vee et nahm , nam , vyet , vee it /, n. 1. Official name, Socialist Republic of Vietnam. a country in SE Asia, comprising the former states of Annam, Tonkin, and Cochin China: formerly part of French Indochina; divided into North Vietnam and… …
