Unit 7 Vocabulary

Question 1

Gender Inequality Index

Answer 1

An indicator constructed by the U.N. to measure the extent of each country’s gender inequality in terms of reproductive health, empowerment, and the labor market.

Question 2

Export Processing Zones

Answer 2

zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment

Question 3

Ecotourism

Answer 3

A form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.

Question 4

Economic Restructuring

Answer 4

the decline of manufacturing jobs in the US, the transformation of the economy by technological change, and the process of globalization

Question 5

Dependency Theory

Answer 5

A structuralist theory that offers a critique of the modernization model of development. Based on the idea that certain types of political and economic relations (especially colonialism) between countries and regions of the world have created arrangements that both control and limit the extent to which regions can develop.

Question 6

Complementary goods

Answer 6

Two goods that provide more utility when consumed together than when consumed separately.

Question 7

Comparative advantage

Answer 7

The ability of a country to produce a good at a lower cost than another country can.