chapter nine - ten unit test Flashcards
development
a process of improvement in the material conditions of people through diffusion of knowledge and technology.
fair trade
alternative to international trade that emphasizes small businesses and worker-owned. and democratically run cooperatives. (bananas)
foreign direct investment (fdi)
investment made by a foreign company in the economy of another country.
gender empowerment measure (gem)
compares the ability of women and men to participate in economic and political decision making.
gross domestic product
the value of the total output of goods and services produced in a country in a given time period (normally one year)
human development index (hdi)
indicator of level of development for each country, constructed by the united nations, combining income, literacy, education, and life expectancy.
less developed country (ldc)
a country that is at a relatively early stage in the process of economic development.
literacy rate
the percentage of a country’s people who can read and write.
millennium development goals
eight international development goals that all members of the united nations have agreed to achieve by 2015.
list the eight millennium development goals
- end poverty and hunger
- get primary education (6-8 yrs)
- get gender equality
- reduce child mortality
- improve mental health
- combat diseases
- environmental sustainability
- global partnership
more developed country (mdc)
a country that has progressed relatively far along a continuum of developed.
primary sector
[…] direct extraction of materials from earths surface, generally through agriculture, mining, fishing and forestry.
productivity
the value of a particular product compared to the amount of labor needed to make it.
secondary sector
[…] manufacturing useful products through processing, transforming, and assembling raw material.
structural adjustment program
economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade, such as raising taxes, charging citizens for services etc.
tertiary sector
[…] concerned with transportation, communications, utilities and overall services to people in exchange for payment.
value added
the gross value of the product minus the costs of raw materials and energy.
economic growth
measure of the value of output of goods and service within a time period.
economic development
a measure of the welfare of humans in a society.
per capita
per person