Unit #3 Development & Sustainibility Flashcards
Sustainable Development Goals (SDGs)
A set of 17 global goals set by the United Nations to address poverty
Newly Industrialized Countries (NICs)
Nations that have recently shifted from an agricultural to an industrial economy with rapid economic growth.
Extreme Poverty
Living on less than $2.15 per day
Relative Poverty
Being poor in relation to the average living standards of a society.
Social Security
Government programs that provide financial assistance to individuals during unemployment
Multidimensional Poverty
A measure of poverty that considers multiple factors
Well-Being
The state of being comfortable
Pre-Modern Society
A society based primarily on agriculture
Progressive Society
A society that embraces innovation
Capitalism
An economic system where private individuals or businesses own and control production for profit.
Industrialization
The process by which an economy transforms from primarily agricultural to one based on manufacturing.
Agrarian Economy
An economy primarily based on farming and agriculture.
Industrial Economy
An economy driven by manufacturing
Modernization Theory
A theory suggesting that traditional societies will develop economically and socially by adopting Western practices.
Dependency Theory
The idea that wealthy countries exploit poorer ones
Rostow’s Stages of Growth
A model describing economic development in five stages from traditional society to mass consumption.
Liberal Democracy
A political system with free elections
Geological Epoch
A period in Earth’s history defined by significant geological or environmental changes.