Chapter 10 & 12: Development & Industry Flashcards
Gross national product (GNP)
the total value of the officially recorded goods and services produced by a country’s economy in a given year (by the citizens and corporations of a country, whether or not they are located within the country)
gross domestic product (GDP)
the total value of all goods and services produced within a country during a given year
gross national income
calculates the monetary worth of what is produced within a country plus income received from investments outside the country minus income payments to other countries around the world
-most accurate
per capital GNI
GNI data divided by the population of the country
development implies
progress
core processes
- generates wealth for the people of that place
- high levels of socioeconomic prosperity and influence in global economy
- require higher levels of education, more sophisticated technologies, research and development, and higher wages and benefits (ET ran west)
peripheral processes
- require little education, lower technologies, and lower wages and benefits
- little wealth is generated for the people
semi-peripheral processes
exhibits both core and peripheral processes
-serve as a buffer between the core and periphery in the world economy
eight UN Millennium Development Goals
To eradicate extreme poverty and hunger
To achieve universal primary education
To promote gender equality and empower women
To reduce child mortality
To improve maternal health
To combat HIV/AIDS, malaria, and other diseases
To ensure environmental sustainability
To develop a global partnership for development
dependency ratio
measures the proportion of dependents (people older than 64/younger than 14) relative to every 100 people of working age
neo-colonialism
the continuation of colonial relationships after formal colonialism ends; continuation of economic dependence even after political independence
areas with low human development
South America, Sub-saharan Africa, North Africa/Southwest Asia, South Asia, Southeast Asia
desertification
the degradation of land exacerbated through the overuse of land for livestock grazing or crop production
-greatly affects Africa
barriers to economic development (social)
social conditions: malnutrition, low life expectancies, high IMR & CMR, lack of access to public sewage systems, clean drinking water, health care, and education, human trafficking
barriers to economic development (foreign debt)
structural adjustment loans make peripheral and semiperipheral economies vulnerable to servicing debts (cost of repayments plus interest)
barriers to economic development (political corruption and instability)
quasi democratic and military governments seize power in peripheral and semiperipheral countries
examples of export processing zones
Mexican maquiladoras and Chinese special economic zones
islands of development
a city or region in which economic development is concentrated by a government or corporation to attract foreign investment and which has relatively high concentrations of paying jobs and infrastructure
NGO
non-governmental organization
international organizations that operate outside of the formal political arena but that are nevertheless influential in spearheading international initiatives on social, economic, and environmental issues
what percent of cargo uses shipping containers?
90