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Chapter 9: Development
Terms in this set (29)
A model of the spatial structure of development in which underdeveloped countries are defined by their dependence on a developed core region.
A model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones
countries with strong economies and a high quality of life
countries with less productive economies and a lower quality of life
a process of improvement in the material conditions of people through diffusion of knowledge and technology.
Alternative to international trade that emphasizes small businesses and worker owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
Foreign Direct Investment
Investment made by a foreign company in the economy of another country.
Gender Empowerment Measure (GEM)
Compares the ability of women and men to participate in economic and political decision making.
Gender Inequality Index (GII)
measure of three key components of women's lives, including reproductive health, empowerment, and labor market status. The higher the number, the worse the score.
Gross Domestic Product (GDP)
The sum total of the value of all the goods and services produced in a nation
Human Development Index (HDI)
Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy
International Monetary Fund (IMF)
international institutionn set up to maintain order in the international monetary system
Less Developed Country (LDC)
Also known as a developing country, a country that is at a relatively early stage in the process of economic development.
Percentage of people who can read and write
More Developed Country (MDC)
Also known as a relatively developed county or a developed country, a country that has progressed in relativity far along a continuum of development.
Nolan's Stage of Growth Model
Describes the role of information technology, and how it grows within an organization.
The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
Is a measure of efficiency- the amount of output produced compared to the amount of input required in production.
Purchasing Power Parity (PPI)
a measure of how many units of currency are needed in one country to buy the amount of goods and services that one unit of currency will buy in another country
Rostow's Development Model
Model created in the 1950's that gives an idea of where a country is in their stage of development. The model of economic development describes a country's progression which occurs in five stages transforming them from least-developed to most-developed countries. There are five stages in this model, including: 1. "The traditional society," 2. "The preconditions for takeoff," 3. "The takeoff," 4. "The drive to maturity," 5. "The age of mass consumption."
The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
places where core and periphery processes are both occurring; places that are exploited by the core but in turn exploit the periphery
Structural Adjustment Program
Economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services.
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment.
A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.
The gross value of the product minus the costs of raw materials and energy.
Wallerstein's World System Theory
drawing on conflict view, described unequal economic and political relationships in which certain industrialized nations and their global corporations dominate core of the world's economic system
A United Nations agency created to assist developing nations by loans guaranteed by member governments
World Trade Organization (WTO)
An international agency which encourages trade between member nations, administers global trade agreements and resolves disputes when they arise.
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