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Unit 6 Chapter 10

Development

TermDefinition
Adolescent Fertility Rate the number of births per 1,000 women ages 15-19
Developed Country A country that has progress 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 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 % 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 UN to measure the gender gap in the level of achievement in terms of income, education, and life expectancy
Gross National Income (GNI) The value of the output of goods and services produced in a country, in a year INCLUDING the money that enters and leaves the country
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
Human Development Index (HDI) An indicator constructed by the UN to measure the level of development for a country through a combination of income, education, and life expectancy
Inequality-adjusted Human Development Index (HDI) A modification of the HDI to account for inequality
International Monetary Fund (IMF) Provides loans to to countries experiencing balance-of-payment that threaten expansion of international trade
International Trade Approach Method to improve country's development to identify unique strengths and channel investment on building these strengths
Less Developed Country (LDC) country in a relatively early stage of development
Literacy Rate The % of a country's people who can read and write
Maternal Mortality Rate The annual number of female deaths per 100,000 live births from any cause related to or aggravated by pregnancy or its management (excluding accidental or incidental causes)
More Developed Country (MDC) country that progressed far into continuum of development
Primary Job Sector 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 The amount of money needed in one country to purchase the same goods and services in another country
Rostow's Development Model Displays economic growth: The Traditional Society, Pre-conditions for Take off, Take off, The Drive to Maturity, and High Mass Consumption
Secondary Job Sector The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials
Self-Sufficiency Approach Country's economy relies on its own country
Standard of Living refers to the quality and quantity of goods and services available to people and the way they are distributed within a population
Structural Adjustment Programs Economic policies imposed on less developed countries by international agencies to create conditions that encourage international trade
Sustainable Development Goals 17 goals adopted by the UN in 2015 to reduce disparities between developed and developing countries by 2030
Tertiary Job Sector The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of goods and services to people in exchange for payment
The World Bank international financial institution that provides loans to developing countries
Transnational Corporation A company that operates in multiple countries
Value Added The gross value of a product minus the costs of raw materials and energy
World Trade Organization An intergovernmental organization that is concerned with the regulations of international trade between nations
Created by: jasminalei