Topic 2: Development Dynamics key words Flashcards
What does Recently Industrialising Countries (RICs) mean?
Countries such as India or China which have recently industrialised.
What is Rural-urban migration?
The movement of people from the countryside to the cities, normally to escape from poverty and to search for work.
What are secondary products?
Manufactured goods.
What is the secondary sector?
Employment based on manufacturing.
What is subsistence farming?
Where farmers grow food to feed their families rather than too sell.
What is tariffs?
Additional cost added to the price of trade goods.
What are terms of trade?
This means the value of a country’s exports are relative to that of its imports.
What is the tertiary sector?
Employment based on services.
What is Top-down development? ***
When decision making about the development of a place is is done by governments or large companies.
What are Trans National companies?
***
Companies which operate in more than one country.
They do this so their company can be open 24 hours a day.
What is the World Trade Organisation?
***
A global organisation dedicated to making trade between countries easier.
What is biogas?
A gas produced by the breakdown of organic matter such as manure or sewage,in the absence of oxygen. It can be used as a biofuel.
What is bottom-up development?
Experts work with communities to identify their needs, offer assistance and let people have more control over their lives. Often run by non government organisations.
What are cash crops?
Crops sold for cash directly from farmers to be exported and traded on global markets.
What is a caste based society?
The Hindu caste system determines a persons status and job. This is a social custom found in traditional rural villages.
What is colonisation?
When another country takes over a foreign land and applies a system of power.
What are commodities?
Items of value that can be traded for money.
What is communism?
This is a system of government which believes in sharing wealth between all people.
What is the core region?
Areas with in a country that are important economic hubs with high levels of employment and technological innovation.
What is the cycle of poverty?
A set of factors that cause continuous poverty unless intervention is made.
What is demographic data?
All data linked to population (E.g- birth rate, death rate)
What is the dependency ratio?
The proportion of people below 14 and above 65 of the normal working age. The lower the number means a greater number of people can work and are less dependant on the government.
What are development indicators?
Measure how a country is improving.
What is economic liberalisation?
When a country’s economy is given freedom of a market economy, consumers and companies decide what people buy based on demand.