Agencies of the European UnionThe agencies of the European Union (formally: Agencies, decentralised independent bodies, corporate bodies and joint undertakings of the European Union and the Euratom) are bodies of the European Union and the Euratom established as juridical persons through secondary EU legislation and tasked with a specific narrow field of work.
Scaling dimensionIn theoretical physics, the scaling dimension, or simply dimension, of a local operator in a quantum field theory characterizes the rescaling properties of the operator under spacetime dilations . If the quantum field theory is scale invariant, scaling dimensions of operators are fixed numbers, otherwise they are functions of the distance scale. In a scale invariant quantum field theory, by definition each operator O acquires under a dilation a factor , where is a number called the scaling dimension of O.
Green growthGreen growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required. As such, green growth is closely related to the concepts of green economy and low-carbon or sustainable development. A main driver for green growth is the transition towards sustainable energy systems.
Third WorldThe term "Third World" arose during the Cold War and it was used to define countries that remained non-aligned with either NATO or the Warsaw Pact. The United States, Canada, Japan, South Korea, Taiwan, Western European nations and their allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam and their allies represented the "Second World". This terminology provided a way of broadly categorizing the nations of the Earth into three groups based on political divisions.
Economic systemAn economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept.
Percolation critical exponentsIn the context of the physical and mathematical theory of percolation, a percolation transition is characterized by a set of universal critical exponents, which describe the fractal properties of the percolating medium at large scales and sufficiently close to the transition. The exponents are universal in the sense that they only depend on the type of percolation model and on the space dimension. They are expected to not depend on microscopic details such as the lattice structure, or whether site or bond percolation is considered.
Endogenous growth theoryEndogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures.
Transition economyA transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization.
Post-growthPost-growth is a stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point (cited as $25,000 GDP/capita by Richard Wilkinson and Kate Pickett in their book The Spirit Level) it is necessary to look for other indicators and techniques to increase human wellbeing.
Liberal Party of AustraliaThe Liberal Party of Australia is a centre-right political party in Australia. The party is one of the two major parties in Australian politics, the other being the Australian Labor Party. The Liberal Party was founded in 1944 as the successor to the United Australia Party, and has since become one of the most successful political parties in Australia's history. The Liberal Party is the dominant partner in the Coalition with the National Party of Australia.
