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APHUG Vocab 6

Industrialization & Development

TermDefinition
Agricultural labor force is the number of people who work in agriculture
Calorie consumption a percentage of daily requirement is an important index of development
The Core-periphery model describes the pattern of distribution of the MDCs and LDCs.
Cultural Convergence the change in culture that occurs as diffusion of ideas and technology increases
Dependency theory states that LDCs tend to have a higher dependency ratio, the ratio of the number of people under 15 or over 64 to the number in the labor force.
Development the improvement in material conditions of a place as a result of diffusion of technology and knowledge
Energy consumption an index of development
Foreign direct investment investment in the economies of LDCs by transnational corporations based in MDCs
Gender an important developmental factor
Gross domestic product (GDP) the total value of goods and services produced in a year in a given country
Gross national product (GNP) similar to GDP except that includes income that people earn abroad.
Human Development Index (HDI) an aggregate index of development, which takes into account economic, social and demographic factors, using GDP, literacy and education, and life expectancy.
Levels of development countries are classified into include MDCs (more developed countries) and LDCs (less developed countries).
Measures of development used to distinguish LDCs from MDCs. They include GDP, literacy rate, life expectancy, caloric intake, etc.
Neocolonialism refers to the economic control that MDCs are sometimes believed to have over LDCs.
The Physical Quality of Life index another development index. It is based on literacy rate, infant mortality rate, and life expectancy at age one.
Purchasing power parity an index of income related to GDP.
Rostow's Model “Stages of Growth” model of economic development.
Technology gap The difference in technologies used and/or developed in two companies, countries, ethnic groups, etc., where one is more advanced than the other.
Technology transfer process by which existing knowledge, facilities, or capabilities developed under federal research and development funding are utilized to fulfill public and private needs
Third World countries in the developing world independent of their political status (developing countries)
World Systems Theory refers to perspective that seeks to explain the dynamics of the “capitalist world economy” as a “total social system”
Bid rent theory refers to how the price and demand on land changes as the distance towards the CBD increases
Assembly line production/Fordism industrial arrangement of machines, equipment, and workers for continuous flow of work pieces in mass production operations, each movement of material is made as simple and short as possible
Air pollution concentration of trace substances at a greater level than occurs in average air, human causes include mainly motor vehicles, industry, and power plants
Agglomeration economies refers to benefits or advantages (savings, cost reductions, etc.) resulting from the spatial clustering of activities and/or people
Acid rain - tiny droplets of sulfuric acid and nitric acid in the atmosphere that dissolve in water and return to Earth’s surface
“Stages of Growth” Model linear theory of development that developed countries go through a common pattern of structural change
Rostow, W. W economist, developed the “Stages of Growth” model in the late 1950s
Aluminum industry U.S. companies are the largest single producer with plants in 35 states producing about $39.1 billion in products and exports.
Created by: shaszj