Glossary — E

Glossary terms beginning with E.

expert: Term usually juxtaposed with ""red"" (q.v.). Denotes special knowledge or skills, or both, relating to economic management, science, and technology. Cadres are required to be both red and expert, the emphasis on one or the other depending on the current political milieu.
export-led growth: An economic development strategy that emphasizes export promotion as the engine of economic growth. Proponents of this strategy emphasize the correlation between growth in exports and growth in the aggregate economy.; Source: Library of Congress
Extensive economic development: Expanding production by adding resources rather than by improving the efficiency with which these resources are exploited.
extreme poverty: Those who live below the poverty line, defined as half or less of the family income needed for a minimal level of food and shelter.; Source: Library of Congress