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Development

Development Issues

TermDefinition
development The ability to lead a long and healthy life, to acquire knowledge, and to have a decent standard of life (UNDP)
HDI A combined measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living.
trade the activity or process of buying, selling, or exchanging goods or services
trading bloc A set of countries that are doing international trade, normally linked by a free trade agreement
fair trade A trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
development The ability to lead a long and healthy life, to acquire knowledge, and to have a decent standard of life (UNDP)
HDI A combined measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living.
trade the activity or process of buying, selling, or exchanging goods or services
trading bloc A set of countries that are doing international trade, normally linked by a free trade agreement
fair trade A trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
globalization The idea that people, goods and information can now 'travel' around the world much more quickly than before. The world is now interconnected and interdependent.
colonialism Attempt by one country to establish settlements and to impose its political, social, economic and cultural principles in another country for an extended period of time.
industrial revolution A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s
Human Development Index (HDI) AN INDICATOR OF THE LEVEL OF DEVELOPMENT for each country, constructed by the United Nations, that is BASED ON INCOME, LITERACY, EDUCATION AND LIFE EXPECTANCY.
Gross National Income (GNI) THE VALUE OF THE OUTPUT OF GOODS AND SERVICES PRODUCED IN A COUNTRY IN A YEAR, including money that leaves and enters the country.
Purchasing Power Pairty (PPP) THE AMOUNT OF MONEY NEEDED IN ONE COUNTRY TO PURCHASE THE SAME GOODS AND SERVICES IN ANOTHER COUNTRY; PPP adjusts income figures to account for differences amount countries in the cost of goods.
Gross Domestic Product (GDP) THE VALUE OF TOTAL OUTPUT OF GOODS AND SERVICES produced in a country in a given time period (normally a year).
Primary Sector THE PORTION OF THE ECONOMY CONCERNED WITH THE DIRECT EXTRACTION OF MATERIALS FROM EARTH'S SURFACE, generally through agriculture, although sometimes by fishing, mining and forestry.
Secondary Sector THE PORTION OF THE ECONOMY CONCERNED WITH MANUFACTURING useful products THROUGH PROCESSING, TRANSFORMING, AN ASSEMBLING RAW MATERIALS.
Tertiary Sector THE PORTION OF THE ECONOMY CONCERNED WITH TRANSPORTATION, COMMUNICATIONS, AND UTILITIES, sometimes extended to the provision of all goods and services to people, in exchange for payment.
Literacy Rate The percentage of a country's people who can read and write.
Levels of development Measured by HDI
sustainable development Development that meets the needs of the present without compromising the ability of future generations to meet their own needs
ecotourism A form of tourism that supports the conservation and sustainable development of ecologically unique areas and wildlife.