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Chptr 9 KTs
Chapter 9 Key Terms Rubenstein
| Question | Answer |
|---|---|
| The sector of an economy where people are paid for services such as medical, legal, educational or governmental. | Tertiary |
| The sector of the economy that extracts materials from the earth through agriculture, forestry, mining or fishing. | Primary |
| Name one of the demographic indicators used to create the Human Development Index. | Life expectancy Education level Per capita GDP Literacy |
| The sector of the economy that processes, transforms, and assembles raw materials into useful (and sometimes not so useful) products. | Secondary |
| An organization established in 1995 that works to reduce barriers to trade, regulate trade agreement, and protect patents and intellectual property rights | World Trade Organization |
| A proposal for debt relief that includes economic goals, strategies for achieving objectives, and external financing requirements. | Structural adjustment program |
| An indicator of development that includes income, literacy, education, and life expectancy-adjusted to reflect differences in the accomplishments of women. | Gender-Related Development Index |
| An indicator of development created by the United Nations that includes social, economic, and demographic factors to measure the development of a country. | Human Development Index |
| Name one of the two major lenders for economic development. They are specialized agencies of the United Nation. | International Monetary Fund (World Bank) |
| Compares the ability of women and men to participate in economic and political decision making. | Gender Empowerment Measure |
| The value of a particular product compared to the amount of labor needed to make it. | Productivity |
| The value of the total output of goods and services produced in a country during a year. | Gross domestic product |
| The gross value of the product minus the costs of raw materials and energy needed to make it. | Value added |
| Money a company uses to build buildings or infrastructure in another country | Foreign direct investment |
| A complex administrative system that requires an idea or proposal to pass through several layers of decision makers before it can gain approval. | Bureaucracy |
| A company that invests and operates in countries other than the one where its headquarters are located. | Transnational Corporation (Multinational Corporation) |
| Four countries including South Korea, Singapore, Taiwan and Hong Kong that were the first to adopt the development through international trade alternative. | Asian Dragons |
| A model for development through international trade that seeks to foster development through identifying key economic assets, develop them into manufactured products, investing the dividends to develop other industries. | Rostow's Development Model (International Trade Model) |
| A variation of the international trade model of development that requires products to be made and traded according to standards that protect workers and small businesses. | Fair Trade |
Created by:
Bramble
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