| A | B |
|---|
| O.P.E.C. | the Organisation of Petroleum Exporting Countries |
| Multinational companies | companies with factories and offices in many countries, e.g. General Motors |
| trade | buying and selling goods and services between countries |
| imports | goods brought into a country |
| exports | goods sent out of a country |
| trade gap | the difference in value between a countries exports and imports |
| trade deficit | when a country spends more on imports than it gets for its exports |
| trade surplus | when a country makes more money by selling its exports than it spends on its imports |
| quota | a limit |
| tariff | taxes put on imports |
| aid | any kind of help and support |
| international aid | aid between countries |
| bilateral aid | aid from one country which is given to another (bilateral means two sides) |
| multilateral aid | when richer countries give to an organistion like the U.N. when then distributes the help |
| voluntary aid | aid which is given by ordinary people, not governments |
| Oxfam | an example of a voluntary aid organisation |
| short term aid | emergency aid given after e.g. a natural disaster |
| long term aid | aid that is designed to improve the economy and therefore standard of living in a country |
| self-help schemes | use the skills of local people to improve local conditions e.g. to prevent soil erosion |
| large scale aid | e.g. building hydro-electric dams or prestigious hospitals |
| official aid | aid that comes from governments and is paid out of taxes |
| donor country | the one that gives the aid |
| tied aid | aid that brings finantial benefits to the donor country |
| intermediate technology | simpler equipment that is more helpful than expensive high technology |
