APHuG Economic Development Review
Terms in this set (15)
Economic Indicators of Development
economic structure, worker productivity, access to raw materials, GDP, availability of consumer goods
Workers extract materials form the Earth, usually through agriculture.
The industrial activities in an economy
The service activities in an economy
In manufacturing, the gross value of the product minus the costs of raw materials and energy.
Social Indicators of Development
Education and Health
Latin America, East Asia, the Middle East, Southeast Asia, South Asia, and Sub-Saharan Africa
"More Developed" Regions
Anglo-America, western and eastern Europe, Japan, and the South Pacific
Gender-Related Development Index (GDI)
Uses indicators of development to reflect differences in the accomplishments and conditions of men and women.
Human Development Index (HDI)
Created by the United Nations and calculated development in terms of human welfare rather than money or productivity.
Gender Empowerment Measure (GEM)
This measures the degree of economic and political power held by women. It looks at the percentage of women in professional and technical jobs.
World Trade Organization (WTO)
Created in 1995, resulted from efforts to use international trade to help developing regions. The goal was to reduce barriers to international trade by eliminating trade restrictions between countries. It also enforces trade agreements.
The World Bank
LDCs can borrow money to reform public administration and legal institutions.
International Monetary Fund
provides loans to countries that have balance-of-payment problems.
Products and made and traded according to standards that protect workers and small businesses in LDCs. These standards are set internationally.
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