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19 Cards in this Set

  • Front
  • Back
Adolescent fertility rate
The number of births per1,000 of women age 15-19
Development
A process of improvement in the material condi­tionsof people through diffusion of knowledge and technology.
FairTrade
Alternative to international trade that emphasizessmall businesses and worker-owned and democratically run cooperatives andrequires employers to pay workers fair wages, permit union organizing, andcomply with minimum environmental and safety standards.
Foreigndirect investment
Investment made by a foreign company in the economyof another country.
GenderInequality Index (GII)
Indicatorconstructed by the United Nations to measure the extent of each of country’sgender inequality.
Grossdomestic product (GDP)
The value of the totalout­put of goods and services produced in a country in a year.
GrossNational Income (GNI)
Thevalue of the total out­put of goods and services produced in a country, aswell as money that leaves and enters the country, in a year.
HumanDevelopment Index (HDI)
Indicatorof level of de­velopmentfor each country, constructed by United Nations, combining income, literacy, education, and life expectancy.
Inequality-adjustedHuman Development Index (IHDI)
Indicatorof level of de­velopmentfor each country that modifies the HDI to account for inequality
Lessdeveloped country (LDC)
A country that is at arelatively early stage in the process of economic development
Literacyrate ­
Thepercentage of a country's people who can readand write.
Maternalmortality ratio
The number of women who die giving birth per 100,000births
Moredeveloped country (MDC)
Alsoknown as a relatively developed country or a developed country, a country that has progressed relatively far along a continuum ofdevelopment
Primarysector
Theportion of the economy concerned with thedirect extraction of materials from Earth's surface, generally throughagriculture, although sometimes by mining, fishing, and forestry.
Productivity
Thevalue of a particular product compared to theamount of labor needed to make it.
Secondarysector
Theportion of the economy concerned withmanufacturing useful products through processing, trans­forming, and assembling raw materials
Structural adjustmentprogram
Economic policies imposed on less developed countries by internationalagencies to create conditions encouraging international trade, such as raisingtaxes, reducing government spending, controlling inflation, selling publiclyowned utilities to private corporations, and chargingcitizens more for services.
Tertiarysector
Theportion of the economy concerned with transportation, communications, andutilities, sometimes ex­tended to the provision of all goods and services topeople in exchange for payment.
Value added
The gross value of the product minus the costs of rawmaterials and energy.