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Chptr 9 KTs

Chapter 9 Key Terms Rubenstein

The sector of an economy where people are paid for services such as medical, legal, educational or governmental. Tertiary
The sector of the economy that extracts materials from the earth through agriculture, forestry, mining or fishing. Primary
Name one of the demographic indicators used to create the Human Development Index. Life expectancy Education level Per capita GDP Literacy
The sector of the economy that processes, transforms, and assembles raw materials into useful (and sometimes not so useful) products. Secondary
An organization established in 1995 that works to reduce barriers to trade, regulate trade agreement, and protect patents and intellectual property rights World Trade Organization
A proposal for debt relief that includes economic goals, strategies for achieving objectives, and external financing requirements. Structural adjustment program
An indicator of development that includes income, literacy, education, and life expectancy-adjusted to reflect differences in the accomplishments of women. Gender-Related Development Index
An indicator of development created by the United Nations that includes social, economic, and demographic factors to measure the development of a country. Human Development Index
Name one of the two major lenders for economic development. They are specialized agencies of the United Nation. International Monetary Fund (World Bank)
Compares the ability of women and men to participate in economic and political decision making. Gender Empowerment Measure
The value of a particular product compared to the amount of labor needed to make it. Productivity
The value of the total output of goods and services produced in a country during a year. Gross domestic product
The gross value of the product minus the costs of raw materials and energy needed to make it. Value added
Money a company uses to build buildings or infrastructure in another country Foreign direct investment
A complex administrative system that requires an idea or proposal to pass through several layers of decision makers before it can gain approval. Bureaucracy
A company that invests and operates in countries other than the one where its headquarters are located. Transnational Corporation (Multinational Corporation)
Four countries including South Korea, Singapore, Taiwan and Hong Kong that were the first to adopt the development through international trade alternative. Asian Dragons
A model for development through international trade that seeks to foster development through identifying key economic assets, develop them into manufactured products, investing the dividends to develop other industries. Rostow's Development Model (International Trade Model)
A variation of the international trade model of development that requires products to be made and traded according to standards that protect workers and small businesses. Fair Trade
Created by: Bramble