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20 Cards in this Set
- Front
- Back
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commodity chain |
series of links connecting the many places of production and distribution and resulting in a commodity that is on world market |
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dependency theory |
A model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones |
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desertification |
The gradual transformation of habitable land into desert |
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developing |
Relating to societies in which capital needed to industrialize is in short supply |
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Dollarization |
when a poor country ties the value of its currency to that of a wealthier country, or when it abandons its currency and adopt the wealthier countries currency has its own. |
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export processing zones |
zones established by many countries in the periphery and semiperiphery will they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment |
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formal economy |
The legal economy that is taxed and monitored by a government and is included in a governments gross national product; as opposed to an informal economy |
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gross domestic product (gdp) |
The market value of all final goods and services produced within a country in a given period of time |
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Gross national income Gross national product |
The monetary worth of what is produced within a country plus income received from investments outside the country |
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Gross national product |
A measure of the total value of the officially recorded good and services produced by the citizens and corporations of a country in a given year |
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human development Index |
indicator of a level of development for each country, constructed by the United Nations, combining income, literacy, education, and life expectancy statistics |
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informal economy |
economic activity that is neither tax nor monitored by a government; it is not included in that governments gross national product, as opposed to a formal |
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Island of development |
place built up by a government or corporation to attract foreign investment and which has relatively high concentrations of paying jobs and infrastructure |
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less developed country |
A country that is at a relatively early stage in the process of economic development. example: Zimbabwe |
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literacy rate |
The percentage of people that can read and write in a given population |
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maquiladoras |
The term given to zones in northern Mexico with factories supplying manufactured goods to the US market. The low wage workers in the primarily foreign owned factories assemble important components and/or raw materials and then export finished goods |
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micro-credit program |
program that provides small loans to poor people, especially women, to encourage development of small businesses |
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millennium development goals |
eight international development goals that 192 United Nations member states and at least 23 international organizations have a greed to achieve by the year 2015. Include reducing extreme property, reducing child mortality rates, fighting disease such as AIDS, and developing a global partnership for development |
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modernization model |
A model of economic development most closely associated with the work of economic just Walter Rast out. The modernization model ( sometimes referred to as modernization theory) maintains that all countries go through five into related stages of development, which culminate in an economic state of self sustained economic growth and high levels of mass consumption |
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more developed country |
A country that has progressed relatively far along a continuum of development |
