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Ch 10 Vocab

Chapter 10 Vocabulary- Development

TermDefinition
Adolescent fertility rate The number of births per 1000 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 form 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 in 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 business in developing countries.
Millennium Development Goals Eight goals adopted by the U.N. in 2002 to reduce disparities between developed and developing countries.
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 ex 15:1 or 22:1
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 program 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: clevelandv
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