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Ch.9 Ded Words
AP Human Geography Ch.9 Vocabulary
|Processes improving material conditions of people through diffusion of knowledge and technology
|More developed country
|Country that has progressed relatively far along a continuum of development
|Less developed country
|Country that is at a relatively early stage in the process of economic development
|Human Development Index (HDI)
|Indicator of level of development for each country constructed by the United Nations, combining income, literacy, education, and life expectancy. (Economic, Social, Demographic)
|Gross Domestic Product
|The value of the total output of goods and services produced in a country in a given time period (normally one year)
|Primary, Secondary, Tertiary sectors
|Primary- direction extraction of earth's materials for an economic gain Secondary- Manufacturing useful products from raw materials from primary sectors Tertiary- Transportation, communication, and utility portion of economy for exchanged payment
|Knowledge-based economic section which shares ideas/information
|Value of product compared to labor necessary to make it
|The gross value of the product minus the costs of raw materials and energy.
|The percentage of a country's people who can read and write.
|Gender-Related Development Index (GDI)
|Compares the level of development of women with that of both sexes.(Same factors of HDI)
|Gender Empowerment Measure (GEM)
|Compares the ability of women and men to participate in economic and political decision making.
|World Trade Organization
|international trade promoter which attempts to reduce barriers to international trade in two ways; enforcing agreements and reducing/eliminating trade tariffs
|Foreign direct investment
|Investment made by a foreign company in the economy of another country
|investment and operation in other countries other than where the headquarters of a company is located itself.
|The World Bank
|Major lender to LDCs to alleviate public administration problems, legal institution development, and strengthened transportation and financial institutions.
|Major lender to LDCs which alleviates balance-of-payment problems that potentially threaten the expansion of international trade.
|Production/trade meeting standards that protect workers and small businesses and LDCs
|Structural adjustment programs
|economic goals, strategies for objectives, and external financing requirements. (i.e. spend only what can be afforded, direct payment to local, poorer, not richer, national)
|Rostow's Development Model
|FIve stage model of development that compares to an aircraft at an airport. 1= basics, little or no productivity -> 5=striving, prosperous economy shifting from heavy industry to consumer goods production
|Purchasing Power Parity
|An economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency's purchasing power.
|voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy
|Meeting the current needs and ensuring opportunities for future generations to meet their needs as well. (i.e. using a resource, and saving or even improving it for the next generation)
|The four asian dragons
|Taiwan, South Korea, Hong Kong and Singapore creating a successful international trade alternative through concentration of manufactured goods due to lack of natural resources