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Autocracy is a system of government in which absolute power over a state is concentrated in the hands of one person, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control.
Environmental determinism is the study of how the physical environment predisposes societies and states towards particular development trajectories. Jared Diamond, Jeffrey Herbst, Ian Morris, and other social scientists sparked a revival of the theory during the late twentieth and early twenty-first centuries. This "neo-environmental determinism" school of thought examines how geographic and ecological forces influence state-building, economic development, and institutions. Many scholars underscore that this approach was used to encourage colonialism and eurocentrism, and devalued human agency in non-Western societies, whereas modern figures like Diamond have instead used the approach as an explanation that rejects racism.
A plantation is a large-scale estate, generally centered on a plantation house, meant for farming that specializes in cash crops. The crops that are grown include cotton, coffee, tea, cocoa, sugar cane, opium, sisal, oil seeds, oil palms, fruits, rubber trees and forest trees. Protectionist policies and natural comparative advantage have sometimes contributed to determining where plantations are located.
In finance and economics, systematic risk is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income. In many contexts, events like earthquakes, epidemics and major weather catastrophes pose aggregate risks that affect not only the distribution but also the total amount of resources. That is why it is also known as contingent risk, unplanned risk or risk events. If every possible outcome of a stochastic economic process is characterized by the same aggregate result, the process then has no aggregate risk.
The Solidarity Center is a non-profit organization aligned with the AFL-CIO labor federation. It is one of the core grantees of the National Endowment for Democracy.
The idea of convergence in economics is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies, and in the Solow growth model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker, which is the "steady state" is reached, where output, consumption and capital are constant. The model predicts more rapid growth when the level of physical capital per capita is low, something often referred to as “catch up” growth. As a result, all economies should eventually converge in terms of per capita income. Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns are not as strong as in capital-rich countries. Furthermore, poorer countries can replicate the production methods, technologies, and institutions of developed countries.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the principal value is kept intact, while the investment income or a small part of the principal is available for use each year.
The Rybczynski theorem was developed in 1955 by the Polish-born English economist Tadeusz Rybczynski (1923–1998). It states that at constant relative goods prices, a rise in the endowment of one factor will lead to a more than proportional expansion of the output in the sector which uses that factor intensively, and an absolute decline of the output of the other good.
The Heckscher–Ohlin model is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo's theory of comparative advantage by predicting patterns of commerce and production based on the factor endowments of a trading region. The model essentially says that countries export the products which use their abundant and cheap factors of production, and import the products which use the countries' scarce factors.
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and transaction.
Leontief's paradox in economics is that a country with a higher capital per worker has a lower capital/labor ratio in exports than in imports.
The Linder hypothesis is an economics conjecture about international trade patterns: The more similar the demand structures of countries, the more they will trade with one another. Further, international trade will still occur between two countries having identical preferences and factor endowments.
Intra-industry trade refers to the exchange of similar products belonging to the same industry. The term is usually applied to international trade, where the same types of goods or services are both imported and exported.
The Great Ruaha River is a river in south-central Tanzania that flows through the Usangu wetlands and the Ruaha National Park east into the Rufiji River. It traverses and marks the borders between Iringa Region, Dodoma Region and Morogoro Region. The Great Ruaha river has a basin catchment area of 83,970 square kilometres (32,421 sq mi). The population of the basin is mainly sustained by irrigation and water-related livelihoods such as fishing and livestock keeping.
Factor Ten is a social and economic policy program developed by the Factor Ten institute with the stated goal of "provid[ing] practical support for achieving significant advances in sustainable value creation, in particular through increases in resource productivity throughout the economy.
The diamond model, also known as Porter's Diamond or the Porter Diamond Theory of National Advantage, describes a nation's competitive advantage in the international market. In this model, four attributes are taken into consideration: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry. According to Michael Porter, the model's creator, "These determinants create the national environment in which companies are born and learn how to compete."
Kenneth Lee Sokoloff was an American economic historian who was broadly interested in the interaction between initial factor endowments, institutions, and economic growth. In particular, he examined the influence of factor endowments on economic development in the New World and the role of 19th century United States patent law in encouraging innovation.
In economics, gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other. In technical terms, they are the increase of consumer surplus plus producer surplus from lower tariffs or otherwise liberalizing trade.
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.
Tanzania has a current population of 55.57 million people. Current statistics form the World Bank show that in 2011, 49.1% of Tanzanians lived below US$1.90 per day. This figure is an improvement over 2007's report indicating a poverty rate of 55.1%. Tanzania has seen annual GDP gains of 7% since 2010 and this economic growth is attributed to this positive trends for poverty alleviation in Tanzania. The 2019 World Bank report showed that in the last 10 years, poverty has reduced by 8 percent, from 34.4% in 2007 to 26.4% in 2018.
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