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Ch.9 Ded Words

AP Human Geography Ch.9 Vocabulary

Development 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
Quaternary sector Knowledge-based economic section which shares ideas/information
Productivity Value of product compared to labor necessary to make it
Value added The gross value of the product minus the costs of raw materials and energy.
Literacy rate 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
transnational corporation 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.
The IMF Major lender to LDCs which alleviates balance-of-payment problems that potentially threaten the expansion of international trade.
Fair 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.
Nongovernmental Organizations voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy
Sustainable development 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
Created by: davidcourteau