Development, Agriculture, and Industry SG
Terms in this set (25)
GDP (GROSS DOMESTIC PRODUCT)
the total value of everything produced by all the people and companies in the country.
GNI (GROSS NATIONAL INCOME)
the total domestic and foreign output claimed by residents of a country
HDI (HUMAN DEVELOPMENT INDEX)
a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development
IHDI ( Inequality-adjusted Human Development Index)
combines a country's average achievements in health, education and income with how those achievements are distributed among country's population
LDC (LESSER DEVELOPED COUNTRY)
is considered lacking in terms of its economy, infrastructure and industrial base
MDC (MORE DEVELOPED COUNTRY)
a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.
The Green Revolution refers to a set of research and the development of technology transfer initiatives occurring between the 1930s and the late 1960s, that increased agricultural production worldwide
the application of bio-technology in food production
he system of mass production that was pioneered in the early 20th century by the Ford Motor Company
an ecological warning that still rings true today amidst the dangers of clear-cutting, pollution, and disregard for the earth's environment.
industry, such as mining, agriculture, or forestry, that is concerned with obtaining or providing natural raw materials for conversion into commodities and products for the consumer.
industry that converts the raw materials provided by primary industry into commodities and products for the consumer; manufacturing industry.
the segment of the economy that provides services to its consumers; this includes a wide range of businesses such as financial institutions, schools and restaurants.
self-sufficiency farming system in which the farmers focus on growing enough food to feed themselves and their families.
large-scale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets
Wallerstein stages of development
Periphery, Semi periphery, and core
poor countries who supply cheap natural resources and labor to others
medium countries who use periphery countries, but are also used by the core to produce cheaper goods and provide cheap labor. (CHINA)
wealthy countries who use periphery and semi-periphery for cheap resources and labor. Supply high quality goods. (USA)
Rostow stages of development
Stage 1: Traditional, Stage 2: Agricultural, Stage 3 Industrial, Stage 4: Post Industrial, Stage 5: Modern
Stage 1: Traditional
has resources but don't have the means to use them
Stage 2: Agricultural
foreign countries use their farmland and have natives as workers
Stage 3: Industrial
manufacturing and supporting industries and government
Stage 4: Post Industrial
modernizing government systems and diverse economy
Stage 5: Modern
modern capital/demographic society. Focuses on service and produces things in other countries.