ದಿ ಹಿಂದೂ ಸಂಪಾದಕೀಯ "Fate of Nations: On the 2024 Economics Nobelದಲ್ಲಿ ಬಳಸಲಾದ ಶಬ್ದಸಂಪತ್ತು

ದಿ ಹಿಂದೂ ಸಂಪಾದಕೀಯ "Fate of Nations: On the 2024 Economics Nobelದಲ್ಲಿ ಬಳಸಲಾದ ಶಬ್ದಸಂಪತ್ತು

1.  Inclusive

• Meaning: Open to all, providing equal opportunities or benefits.
• Example: "The Nobel Prize recognizes the need for inclusive institutions that promote long-term economic growth."

2.  Prosperity

• Meaning: The state of being successful, especially in terms of wealth.
• Example: "Countries with strong institutions often achieve greater prosperity over time."

3.  Colonialism

• Meaning: The practice of acquiring and maintaining colonies, often exploiting them economically.
• Example: "The study focused on the impact of colonialism on post-colonial economic growth."

4.  Rule of law

• Meaning: The principle that all individuals and institutions are subject to and accountable under the law.
• Example: "The rule of law is essential for creating trust and stability in society."

5.  Extractive institutions

• Meaning: Institutions that limit access to resources and concentrate power among a small elite.
• Example: "Countries with extractive institutions often suffer from corruption and inequality."

6. Expropriation

• Meaning: The act of taking property from its owner, often by the state.
• Example: "Laws protecting citizens from expropriation help foster economic growth."

7.  Structural reforms

• Meaning: Major changes to an economy's framework to promote growth.
• Example: "Structural reforms are needed to improve economic conditions and living standards."

8.  Liberalisation

• Meaning: The process of removing or loosening restrictions on an economy.
• Example: "India’s economic liberalisation in the 1990s led to significant growth."

9.  Populist movements

• Meaning: Political movements that claim to represent the interests of ordinary people, often through short-term measures.
• Example: "Populist movements can threaten the stability of established institutions."

10.  Illiberal democracies

• Meaning: Democracies where individual rights and freedoms are restricted despite elections.
• Example: "Illiberal democracies can be as damaging as autocracies when it comes to economic development."

11.  Protectionist policies

• Meaning: Economic policies that restrict imports to protect domestic industries.
• Example: "Protectionist policies can hinder international trade and growth."

12.  Upliftment

• Meaning: The act of improving the conditions or status of people.
• Example: "Inclusive institutions are designed to work for the upliftment of society as a whole."

13.  Autocracy

• Meaning: A system of government in which one person holds absolute power.
• Example: "Autocracies often fail to provide equal opportunities for economic growth."