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Development Issues

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Term
Definition
development   The ability to lead a long and healthy life, to acquire knowledge, and to have a decent standard of life (UNDP)  
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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.  
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trade   the activity or process of buying, selling, or exchanging goods or services  
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trading bloc   A set of countries that are doing international trade, normally linked by a free trade agreement  
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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.  
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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  
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trading bloc   A set of countries that are doing international trade, normally linked by a free trade agreement  
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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.  
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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.  
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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.  
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industrial revolution   A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s  
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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.  
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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.  
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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.  
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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).  
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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.  
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Secondary Sector   THE PORTION OF THE ECONOMY CONCERNED WITH MANUFACTURING useful products THROUGH PROCESSING, TRANSFORMING, AN ASSEMBLING RAW MATERIALS.  
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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.  
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Literacy Rate   The percentage of a country's people who can read and write.  
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Levels of development   Measured by HDI  
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sustainable development   Development that meets the needs of the present without compromising the ability of future generations to meet their own needs  
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ecotourism   A form of tourism that supports the conservation and sustainable development of ecologically unique areas and wildlife.  
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