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Unit 6 Chapter 10
Development
| Term | Definition |
|---|---|
| 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
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