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14 terms

Chapter 9- Development

STUDY
PLAY
value added
the gross vale of the prduct minus the cost of raw materials and energy
tertiary sector
the portion of the economy concerned with transportion,communications, and utilities,sometimes extended to the provision of all goods and services to people in exchange for payment
structural adjustment program
economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade such as raising taxes, reducing governement spendings, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services
secondary sector
the portion of the economy concerned with manufacturing useful products through processing, transforming and assembling raw materials
productivity
the value of a particular product compared to the amount of labor needed to make it
Primary sector
the portion of the economy concened with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining , fishing, and forestry
More Developed Country (MDC)
also known as a relatively developed country or a developed country, a country that has progressed relatively far along a continuum of development
Literacy rate
the percentage of a country's people who can read and write
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
Gross Domestic Product (GDP)
the value of the total output of goods and services produced in a country in a given time period (normally one year)
Human Development Index (HDI)
indicator of level of developmant for each country, constructed by United Nations, combining income, literacy, educationj, and life expectancy.
Development
a process of improvement in the material conditions of people through diffusions of knowledge and technology
Gender Empowerment Measure (GEM)
compares the ability of woman and men to participate in economic and political decision making
Gender-Realated Development Index(GDI)
compares the level of development of woman with that of both sexes