a body of social science theories predicated on the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former.
an LDC in an earlier stage of development
a statistic about the economy.
generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area.
products are made and traded according to standards that protect workers and small businesses in LDCs.
gross national product (GNP)
the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
Human Development Index (HDI)
created by the United Nations, recognizes that a country's level of development is a function of al three factors- economic, social, and demographic.
Gender related development index (GDI)
Compare the level of development of women with that of both sexes.
Gender Empowerment Measure
Compare the ability of women and men to participate in economic and political decision making.
Gross Domestic Product
the value of the total output of goods and services produced in a country.
The percentage of a country's people who can read and write.
the practice of using capitalism, globalization, and cultural forces to control a country (usually former European colonies in Africa or Asia) in lieu of direct military or political control.
Workers in the ________ _________ directly extract materials from Earth through agriculture.
The value of a particular product compared to the amount of labor needed to make it.
includes manufacturers that process, transform, and assemble raw materials into useful products.
jobs in health, education, research,gornment, retailing, tourism, and recreation.
considers all quinary-sector jobs within this sector.
A somewhat developed country that has progressed further along the development continuum.
raw material orientation
The tendency of an industry to locate close to its raw materials.
The stimulation of economic growth by growth itself.
Rostow's modernization model
According to the __________ ________________ _______, each stage is a function of productivity, economic exchange, technological improvements, and income. Economic growth occurs when advancing from one stage to another.
1. Traditional Society
2. Transitional Society
4. The Drive to maturity
5. High Mass Consumption
an economy in which enough goods are produced, based on available technologies, and food is grown, hunted or gathered, to provide for the people
a pattern of growth in which resource use aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for generations to come (sometimes taught as ELF-Environment, Local people, Future).
invests and operates in countries other than the one in which its headquarters are located.
the gross value of the product minus the costs of raw materials and energy.
Gross National Income (GNI)
The total value of goods and services produced by a country per year PLUS net income earned abroad by its nationals
Purchasing Power Parity (PPP)
A monetary measurement that takes account of what money actually buys in each country.