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Ch9 9th Rubenstein
9th edition Rubenstein Ch. 9 vocab
Definition | Term |
---|---|
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 |