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Old 08-04-2011, 01:53 PM   #1
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development (01, 04)<br />1 The movement of an economy from agricultural activities using simple technology to the production of industrial products and a range of services using modern technology. (Even in the seventeenth century PETTY regarded development as the growth of serv1ce industries.)<br />2 The cumulative growth of per capita income, accompanied by structural and institutional changes. Although per capita income is a crude measure unless problems of measuring the GRoss DOMESTIC PRODUCT and its distribution are taken into account, this is often the best proxy measure. Post-1945 development policies have often failed to help the poorest 40 per cent of the world's population. Although many aid programmes have an urban bias, they have widely achieved lower rates of infant mortality, more hospital beds, an increased supply of piped water and the building of many all-season roads.<br /><em>See also:</em> industrialization <br /><em>Reference</em><br />Kitching, G. (1989) Development and Underdevelopment in Historical Perspective.
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quota (D2, F1)<br />A restricted supply of a good or service. Import quotas are used to protect domestic industries; export quotas, to stabilize expor t earnings. Under any system of rationing, a quota will be the amount allocated to a particular person or organization.<br /><em>See also:</em> non-tariff barrier; protection; tariff; volun tary export restraint & R
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single-tax movement (H2)<br />The campaign in the USA by Henry GEORGE for existing taxes to be replaced by a single tax on land, which would absorb all pure rents. This view was based on the observation that landlords have an unearned income arising from land as it rises in value through being fixed in supply but increasingly demanded as the population grows. A century before, the PHYSIOCRATS, too, proposed a single tax on land. For such a change in taxation to be fair to all factors of production, ECONOMIC RENT wherever it occurs, including a portion of the earnings of talented performers, would have to be taxed.<br /><em>See also:</em> Turgot <br /><em>Reference</em><br />George, H. (1918) Single Tax- What It Is and Why We Urge It, Los Angeles: Golden Press.
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discouraged workers hypothesis (J2, J6) The view that workers give up job search activity because high unemployment rates and a lack of hiring by businesses make it unlikely that they will succeed in gaining employment Lack of search loses them the status of being unemployed and so they drop OUt of the LABOUR FORCE.<br /><em>See also:</em> additional worker hypothesis

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