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The most famous Orthodox view of development is that of Walt Whitman Rostow, which suggests economic development occurs where there are certain preconditions that exist to enable countries to 'take off', with the right stimulus. Development therefore goes through set stages and always occurs in the same way.
The divine economy, in Eastern Orthodoxy, not only refers to God's actions to bring about the world's salvation and redemption, but to all of God's dealings with, and interactions with, the world, including the Creation. [3] [verification needed]
Orthodoxy (from Greek: ὀρθοδοξία, orthodoxía, 'righteous/correct opinion') [1] [2] is adherence to correct or accepted creeds, especially in religion. [3] Orthodoxy within Christianity refers to acceptance of the doctrines defined by various creeds and ecumenical councils in Antiquity , but different Churches accept different creeds ...
Following World War I, the Economic and Financial Organization (EFO) of the League of Nations, influenced by the ideas of Montagu Norman and other leading policymakers and economists of the time, took an active role to promote the independence of central bank, a key component of the economic orthodoxy the EFO fostered at the Brussels Conference ...
Oriental Orthodox churches reject what they consider to be the heretical Monophysite teachings of Eutyches and of Nestorius as well as the Dyophysite definition of the Council of Chalcedon. As a result, the Oriental patriarchs were excommunicated by the bishops of Rome and Constantinople in 451, formalizing the schism.
The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purposes of economic development. [6] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...