Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
18 Cards in this Set
- Front
- Back
|
A process of improvement in the material conditions of people through diffusion of knowledge and technology.
|
Development
|
|
|
An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
|
Fair Trade
|
|
|
Investment made by a foreign company in the economy of another country.
|
Foreign Direct Investment
|
|
|
Compares the ability of women and men to participate in economic and political decision making.
|
Gender Empowerment Measure (GEM)
|
|
|
Compares the level of development of women with that of both sexes.
|
Gender-Related Development Index (GDI)
|
|
|
The value of total output of goods and services produced in a country in a given time period (normally 1 year).
|
Gross Domestic Product (GDP)
|
|
|
An indicator of the level of development for each country, constructed by the United Nations, combining income, literacy, education, and life expectancy.
|
Human Development Index (HDI)
|
|
|
A country that is at a relatively early stage in teh process of economic development.
|
Less Developed Country (LDC)
|
|
|
The percentage of a country's people who can read and write.
|
Literacy Rate
|
|
|
Eight goals established by the United Nations to reduce disparities between more developed countries and less developed countries.
|
Millennium Development Goals
|
|
|
A country that has progressed relatively far along a continuum of development.
|
More Developed Country (MDC)
|
|
|
The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
|
Primary Sector
|
|
|
The value of a particular product compared to the amount of labor needed to make it.
|
Productivity
|
|
|
The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
|
Secondary Sector
|
|
|
Economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services.
|
Structural Adjustment Program
|
|
|
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchanges for payment.
|
Tertiary Sector
|
|
|
A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.
|
Transnational Corporation
|
|
|
The gross value of the product minus the costs of raw materials and energy.
|
Value Added
|
