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25 Cards in this Set
- Front
- Back
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Development
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improvement in a country's economic and social conditions
sustainable vs non-sustainable |
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Geography of Development
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the geographic distribution of patterns of development
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More Developed Country (MDC) vs Less Developed Country
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the difference
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Regional Disparities
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economic inequalities across regions
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North and South Divide
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above 30 degrees; more developed
below 30 degrees; less developed |
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Human Development Index (HDI)
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created by the U.N to measure a country's level of development
Range between 0-1 or 0-100 |
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Economic indicator
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living standard
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Social Indicators
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education
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Demographic Indicators
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health and life expectancy
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Gross Domestic Product (GDP)
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value of the total output of goods and services produced in a country during a year
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GDP Purchasing Power Parity (GDPPPP)
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based on the price for equivalent products in different local currencies
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Gross National Product (GNP)
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the value of total output of goods and services produced inside and outside a country
more accurate |
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Gener Inequality Inder (GII)
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combines three measures including empowerment, labor and reproductive health.
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3 Economic Sectors
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Primary - Agriculture
Secondary- Manufacturing, Construction Tertiary- Service, retail, information, research |
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Economic Transition
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Subsistence societies depend on primary industries
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Rostow's Development Model
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The speeds are determined by their resources endowments, their productivity, and the wisdom of their people’s policies and decisions.
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Gross National Income (GNI)
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value of the output of goods and services produced in a country in a year, including money that leaves and enters the country
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Productivity
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value of a particular product compared to the amount of labor needed to make it.
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Inequality Adjust HDI
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indicator of development that modifies the HDI to account for inequality within a country.
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Self Sufficiency
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countries encourage domestic production of goods, discourage foreign ownership of businesses and resources, and protect their businesses from international competition.
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Seeing Development in 3D
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Density, Distance and Division
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The Four Asian Dragons
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term used in reference to the highly free and developed economies of Hong Kong, Singapore, South Korea, and Taiwan.
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Transnational Corporations
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spread out their operations in many countries sustaining high levels of local responsiveness.
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Foreign Direct Investment
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a direct investment into production or business in a country by an individual or company in another country
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World Trade Organization
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organization that intends to supervise and liberalize international trade
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