Millennium Development Goals Quiz

Study Notes

A total of 8 goals aimed at improving global development.
Goals include partnerships for development, maternal health, disease combating, environmental sustainability, reducing child mortality, gender equality, and achieving universal primary education.

Poverty is defined as severe deprivation of basic human needs: food, safe water, sanitation, health, shelter, education, and information.
In the Philippines, individuals are considered poor if they earn less than 100,536 pesos annually, equivalent to about 275 pesos daily.

Four years prior, 836 million people lived in extreme poverty, a decrease from 1.9 billion.
Successes noted in poverty reduction efforts, poised to potentially fall below 400 million by 2030 but climate change could jeopardize this progress.

Economic globalization is a significant factor in reducing extreme poverty levels.
Increased interconnectedness of world economies through free trade has fostered growth in developing nations.

Economic globalization defines the system of producing, selling, and buying goods and services across borders.
Global economy indicates the interdependence of nations in trade, capital flow, and technology advancements, capable of impacting countries positively or negatively.

Involves governmental intervention in foreign trade to boost domestic production.
Methods include tariffs and quotas, favoring local producers while limiting foreign competition.
Historically prevalent during the mercantilist era and peaked during the Great Depression of 1929.
Countries implicated in protectionism include Japan, China, and the USA.

Refers to the elimination of trade barriers, promoting free exchange of goods internationally.
Influenced by the aftermath of World War II, marking a transition from protectionist policies to liberalized trade.
Advances in transportation and communication have facilitated easier global movement of goods and services.
Fair Trade initiatives focus on the welfare of marginalized small producers, emphasizing social and environmental concerns in trade practices.