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Ch9 9th Rubenstein

9th edition Rubenstein Ch. 9 vocab

DefinitionTerm
Countries that progress further along the development continuum. Developed Country
Countries in the early stages of development. Developing Country
Process of improving the material conditions of people through diffusion of knowledge and technology. Development
Products are made and traded according to standards that protect workers and small businesses in LDCs. Fair Trade
Investment made by a foreign company in the economy of another country. Foreign Direct Investment
Compares the ability of women and men to participate in economic and political decision making. Gender Empowerment Measure
Compares the level of development of women with that of both sexes. Gender-Related Development Index
The value of the total output of goods and services produced in a country normally during a year. Gross Domestic Product
Recognizes that a country's level of development is a function of economic, social, and demographic factors. Human Development Index
Percentage of a country's people who can read or write. Literacy Rate
Jobs in agriculture, mining, fishing, and forestry. Primary Sector
Value of a particular product compared to the amount of labor needed to make it. Productivity
Manufacturing that process, transfer, and assemble raw materials to useful products. Also take manufactured goods and make them consumer goods. Secondary Sector
An LDC required to prepare a Policy Framework Paper outlining this, which includes economic goals, strategies for achieving objectives, and external financing requirements. Structural Adjustment Progam
Provision of goods and services in exchange of payment. Tertiary Sector
Invests and operates in countries other than the one in which its headquarters are located. Transnational Corporation
Gross value of the product minus the costs of raw materials and energy. Value Added
Created by: skylettlove