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Chapter 10
| Term | Definition |
|---|---|
| Adolescent fertility rate | The number of births per 1,000 women ages 15 to 19 |
| Cooperative store | A member-owned, member-governed business that operates for the benefit of its members according to common principles agreed upon by the international cooperative community |
| Developed country | A country that has progressed relatively far along a continuum of development |
| Developing country | A country that is at a relatively early stage in the process of development |
| Development | A process of improvement in the conditions of people through diffusion of knowledge and technology |
| Fair trade | An alternative to international trade that provides greater equity to workers, small businesses, and consumers, focusing primarily on products exported from developing countries to developed countries |
| Female labor force participation rate | The percentage of women holding full-time jobs outside the home |
| Foreign direct investment (FDI) | Investment made by a foreign company in the economy of another country |
| Gender-related Development Index (GDI) | An indicator constructed by the U.N. to measure the gender gap in the level of achievement in terms of income, education, and life expectancy |
| Gender Inequality Index (GII) | An indicator constructed by the U.N. to measure the extent of each country's gender inequality in terms of reproductive health, empowerment, and the labor market |
| Gross domestic product (GDP) | The value of the total output of goods and services produced in a country in a year, not accounting for money that leaves and enters the country |
| Gross national income (GNI) | The value of the output of goods and services produced in a country a year , including money that leaves and enters the country |
| Human Development Index (HDI) | An indicator constructed by the U.N. to measure the level of development for a country through a combination of income, education, and life expectancy |
| Inequality-adjusted Human Development Index (IHDI) | A modification of the HDI to account for inequality |
| Literacy rate | The percentage of a country's people who can read and write |
| Maternal mortality rate | The number of women who die giving birth per 100,000 births |
| Microfinance | Provision of small loans and financial services to individuals and small businesses in developing countries |
| Millennium Development Goals | Eight goals adopted by the U.N. in 2002 to reduce disparities between developed and developing countries by 2015 |
| Primary sector | The portion of the economy concerned with the direct extraction of materials from Earth, generally through agriculture |
| Productivity | The value of a particular product compared to the amount of labor needed to make it |
| Pupil/teacher ratio | The number of enrolled students divided by the number of teachers |
| Purchasing power parity (PPP) | The amount of money needed in one country to purchase the same goods and services in another country |
| Secondary sector | The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials |
| Structural adjustment power | Economic policies imposed on less developed countries by international agencies to create conditions that encourage international trade |
| Sustainable Development goals | Seventeen goals adopted by the U.N. in 2015 to reduce disparities between developed and developing countries by 2030 |
| Tertiary sector | The portion of the economy concerned with transportation, communication, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment |
| Value added | The gross value of a product minus the costs of raw materials and energy |
Created by:
Yedani
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