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23 Cards in this Set

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GNP
*(gross national product)*Average Income
*the measure most oftren used in calculating a wealth of a country.
*total value of goods and services produced within a country, with - payments recieved from other countries- minus payments made to other countries
*per capita GNP- amount a person earns per year
GDP
*(Gross Domestic Product)
* the difference between GNP is a tachnical one is calculating interst and wages earned abroad
IMR
*Infant Mortality Rate
*how many babies per thousand will die before they reach their first birthday
Life Expenctancy
*measure of the quality of life
*average figure - includes: infants that die
*countries which have high IMR will probably have low life expectancy - eventhough some people will live to be old
Literact Rate
shows the percentage of people in a given population who can read and write
Sustainable Development
Development which does not distrupt ecological system or over-exploit natural resources
Maldevelopment
*used to describe non-sustainable development - first world
*aerosol can, plastic milk jub = examples of maldevelopment
Develop
to cause to grow gradually in some way; to cause to become gradually fuler, larger, better, etc.
Development
the process of improving the quality of human lives in many areas, including: income and consumption levels; social,political and economic institutions and freedom of choice.
*this term is used to narrowly to mean economic growth
Underdeveloped
a comparative concept expressing a relationship of exploitation - ex: some countries are economically "developed" because other are not
Overdeveloped
a comparative concept in which some countries are using more than their fair share of resources
Mal-Developed
a countrys state of development i shaving a negative- and possibly even evil - effect on others abilities to develop
Modern
Characteristic of the present or recent time
Traditional
Pertaining to or derived from the past
Industrialized
Oftern used to refer to those countries whose gross national product comes primarily from industrial activity, not agriculture
First World
Countries: Western Europe, U.S., Canada, Austrailia, New Zealand and Japan - have industrialized market economies
Second World
Countries: Eastern Europe, former Soviet Union - had centrally planned economies
Third World
*term cam into use in the Cold War Era when it was applies to the countries committed neither to Communism nor to a western system of government
*orginally coined in 1960's by Alfred Sauvy in reference to the role of "third estate" in the french rev.
*has come to refer to nations of Africa, Asia, Latin America and Oceania - taken a primarily economic connotation
*low GNP, high agriculture work, high pop. growth, low life expectancy, high rate of infant mortality, low rate of literacy
Sustainable Development
Development that meets the need of the present without comproming the ability of future generations to meet their own needs
Globalization
interconnection and integreation amoung people, economies and societies throughtout th world
Developed
*Have higher average per capita incomes
*U.S., canada, japan, australia, new zealand (global north)
*first world
*industrialized
*high income
Developing
*Global South
*Third World
*all countries are considered to be developing
*low income
*high population in agraculture
Carrying Capacity
*population that an area can support w/o undergoing enviromental deterioration
*enhance - food production
*reduce - people, pollution