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24 Cards in this Set
- Front
- Back
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The primary sector of the economy includes |
Basic production (agriculture, forestry, mining, fishery) |
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The secondary sector of the economy includes
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Production of goods (industries, construction craft) |
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The tertiary sector of the economy includes
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Services (trade, banks, transport, education, culture, health)
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Sector employment in LDCs has trended lower for the
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Primary sector, because industrialization has begun to displace workers |
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According to Rostow's development model, a country with a lot of heavy industry that uses modern technology is in
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Stage 4, drive to maturity |
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The self-sufficiency approach to development has
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Frequently suffered from inefficiencies
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The factors included in a country's HDI score are
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GDP, school-enrollment, literacy rate, and life expectancy
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The ratio of debt to annual income is highest in
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Africa
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The GEM represents
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Women's access to power and decision making |
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The goal of structural adjustment programs (SAPs) is to
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Increase transparency in government development and spending |
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Wal-Mart's largest effect is on the
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Primary sector because it purchases a lot of agricultural goods (although it has an effect on all sectors |
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GDI represents
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HDI factors with more weighting towards gender |
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GDI is lowest in
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Sub-Saharan Africa
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A tariff is
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A tax imposed on imported goods
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The member states of the WTO account for
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Nearly 100% of world trade |
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The WTO promotes a type of development that is |
Capitalist
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The difference between GDP and GNI is |
GDP is only goods produced within a country's borders; GNI is all wealth produced by a country |
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Sociodemographic indicators of development focus on |
The welfare of the population (disease, literacy, education) |
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The GINI coefficient measures
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Income equality (High = unequal; Low = equal)
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The GINI coefficient for the world is in the
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High 60s
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Factors that affect income distribution include
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Individual, social, policy-related, historical |
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The Classic Model of Development was developed by |
Walt Rostow |
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Dependency theory states that
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Development is relational and does not follow a series of changes. Dependency causes underdevelopment, and MDCs force dependent states into dependency. |
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Liberalism is a theory that promotes |
Political equality through universally applicable laws |
