Development Flashcards
Development
A process of improvement in the material conditions of people through diffusion of knowledge and technology.
Female Labor Participation Rate
The % of women holding full-time jobs outside the home.
Foreign Direct Investment
Investment made by a foreign company in the economy of another country.
Gender Inequality Index
A measure of the extent of each country’s gender inequality
Gross Domestic Product
The value of the total output of goods & services produced in a country in a given time period (1 year)
Gross National Income
The value of the output of goods & services produced in a country in a year, including money that leaves and enters the country
Human Development Index
Indicator of the level of development for each country. Constructed by the untied nations, the is based on income, literacy, education, and life expectancy.
Inequality Adjustment HDI
Modification of the HDI to account for inequality within a country
Literacy Rate
The percentage of a country’s people who can read & write
Maternal Morality Ratio
The # of women who die giving birth per 10,000 births
Microfinance
Provision of small loans and other financial services for individuals & small businesses in developing countries
Millennium Development Goals
8 international development goods that all members of the United Nations have agreed to achieve by 2015
Purchasing Power Program
The amount of money needed in one country to purchase the same goods and services in another. Purchasing power program adjusts income figures to account for differences among countries and their cost of goods.
Structural Adjustment Program
Economic policies imposed on less-developed countries by International agencies to create conditions that encourage international trade.
Outsourcing
A decision by a corporation to turn over much of the responsibility for production to independent suppliers
