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Terms in this set (22)
a process that brings about changes in economic prosperity and quality of life
a value or measure that provides information about the state of the environment such as levels of pollution or loss of variety of life on earth
a value or measure that provides information about the welfare of a population, such as data on the prevalence of a disease or the levels of literacy
The percentage of people in a country who are able to read and write.
The average number of years that a person is expected to live.
Infant Mortality Rate
The number of deaths per 1,000 children under the age of 1.
Human Development Index (HDI)
A measure of development that takes in to consideration a country's wealth, health, and education.
Gender-related Development Index (GDI)
A statistic that is used for measuring a country's development where differences in achievement due to gender matters
Gender Empowerment Index (GEM)
A statistic that is used to measure development that shows to what degree women participate in the economic and political decision making in a country.
a value or measure that can be used to gauge development, such as GNI, GDP, PPP
Gross National Income (GNI)
The number of physical items or services produced in a year from one country. These can take place inside the country or somewhere else but they have to be from the country.
Gross Domestic Product (GDP)
The number of physical items or services produced only inside a country's borders.
Purchasing Power Parity (PPP)
An exchange rate that is used to compare prices between countries with different currencies.
Inability to meet basic needs for food, clothing, and shelter.
Extreme Poverty - $1.50
Moderate Poverty - $2.00
percentage of people whose income falls below the poverty line
a ratio of the earnings of the richest to the earnings of the poorest
the greater interconnectedness and interdependence of people and places around the world
Classical Model of Development (Rostow)
an accounting of economic development that was formulated by Walt W. Rostow as a series of five stages through which countries pass as they are transformed by economic investment, from a traditional to a modern society
a theory that relates disparities in levels of development to relations between dominant and dependent states in the system of international trade
World Systems Theory
a body of ideas that was developed by Immanuel Wallerstein and that links dependency and underdevelopment to capitalism and its role in creating an international division of labor that shapes relations between core, semiperipheral, and peripheral regions of the world
how the nation's total income is distributed among its population
organization for economic cooperation and development (OECD)
mission is to improve living standards in under-developed countries
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