Chapter 9: Development Vocab

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Hillgrove AP Human Geography class for Chapter 9: Development unit.

Developed Country

A country which has progressed further along the development continuum

Developing Country

A country that has made some progress and expects to continue

Development

The process of improving the material conditions of people through diffusion of knowledge and technology

Fair Trade

Products are made and traded according to standards that protect workers and small businesses in LDCs

Foreign Direct Investment

Investment made by a foreign compant in the economy of another country

Gender Empowerment Measure

Compares the ability of women and men to participate in economic and political decision making

Gender-Related Development Index

Compares the level of development of women with that of both sexes

Gross Domestic Product

The value of the total output of goods and services produced in a country

Human Development Index

Created by the United Nations, recognizes a country's level of development based on economic, social, and demographic factors

Less Developed Country

A country in an earlier stage of development

Literacy Rate

The percentage of a country's people who can read and write

More Developed Country

A country in the later stage of development

Primary Sector

Workers in this sector directly extract materials from Earth through agriculture, mining, fishing, and forestry

Productivity

The value of a particular product compared to the amount of labor needed to make it

Secondary Sector

Workers in this sector manufacture the goods obtained by workers in the primary sector

Structural Adjustment Program

Includes economic goals, strategies for achieving the objectives, and external financing requirements

Tertiary Sector

Workers in this sector are involved in the provision of goods and services to people in exchange for payment like retailing, banking, law, and education

Transnational Corperation

Invests and operates in countries other than the one in which its headquarters are located

Value Added

In manufacturing - is the gross value of the product minus the cost of raw materials and energy

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