19 terms

Chapter 9: Development Vocab

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
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
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