1.7 Definition of key terms
The following terms shall be understood the way they are defined
herein:
1.7.1 Socio-economic development
For the purposes of this study, socio-economic development
entails all development frameworks that may meet the social and economic needs
of the nation and its general citizens as well as assisting them to deal with
their current and future developmental challenges thus leading to attainment of
sustainable development at large.
1.7.2 Impact
For the purposes of this study, impact refers to the instrumental
role a given phenomena has on something be it positive or negative.
1.7.3 Foreign aid
For the purposes of this study, foreign aid shall be perceived
as eternal assistance in kind or cash that is rendered to a developing nation
by another country which can come directly or indirectly through donor
agencies.
1.7.4 Millennium Development Goals (MDGs)
For the purposes of this study, Millennium Development Goals
(MDGs) shall be perceived as quantitative developmental targets that were
adopted by different nations in pursuit of the World Bank (2002)
recommendations aimed at fighting the high prevalence of the so-called global
poverty.
1.7.5 Poverty
For the purposes of this study, poverty shall mean a state of
material and non-material deprivation which may be caused by socio-cultural,
economic or political factors.
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