The Reference Library
Technology & the Future Economy — Glossary
Key terms and definitions from the Technology & the Future Economy course. Each term links to a full explanation.
- Terms
- 10 terms
- Categories
- 3 categories
Showing 10 entries
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2 entriesPiketty's Capital and Inequality
The analysis showing that when the return on capital exceeds economic growth, wealth inequality tends to increase.
Piketty’s Capital and Inequality Dynamics
Thomas Piketty’s analysis of wealth accumulation and its role in increasing [Economic Inequality](https://modeldiplomat.com/learn/glossary/economic-inequality) over time.
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1 entryT
2 entriesThe New International Economic Order
A set of proposals by developing countries in the 1970s to promote their interests through reforming global economic relations.
Trade Elasticity of Supply
The responsiveness of the quantity supplied of a good to changes in its price in international markets.
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2 entriesWorld Bank Development Projects
Initiatives funded by the [World Bank](https://modeldiplomat.com/learn/glossary/world-bank) aimed at reducing poverty and promoting economic development in low-income countries.
World Trade Organization (WTO) Dispute Settlement
A legal process resolving trade disputes between member countries to enforce WTO agreements.