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Purchasing Power Parity
Adjustment accounting for cost of living differences.
Life Expectancy
Average years a person is expected to live.
Under-5 Mortality Rate
Number of deaths of children under five per 1,000 live births.
Literacy Rate
Percentage of adults who can read and write.
Brandt Report
1980s report analyzing global economic disparities.
Brandt Line
Geographical division indicating wealth disparity globally.
Globalization
Process increasing global interconnectedness and interdependence.
Global Divide
Economic gap between rich and poor nations.
Human Development Index (HDI)
Measure ranking countries by income, health, and education.
Gross National Income (GNI)
Total income produced within a country, per capita.
Global North
Term for wealthy, industrialized countries.
Global South
Term for poorer, developing countries.
Third World
Outdated term for less economically developed countries.
Economic Capability
Nation's ability to produce and consume goods.
Social Gaps
Disparities in wealth and quality of life.
United Nations Development Program (UNDP)
Agency focused on global development and poverty reduction.
Income Inequality
Uneven distribution of income across a population.
Decolonization
Process of former colonies gaining independence.
Political Geographies
Spatial distribution of political power and resources.
Cultural Marginalization
Exclusion of certain cultures from mainstream society.
Economic Activism
Efforts to promote economic equity and justice.
Geopolitical Relations
Interactions influenced by geographical and political factors.
Statistical Formula
Mathematical expression used for data analysis.
Measurement Errors
Mistakes in data collection affecting accuracy.
Income of Richest 1%
Wealth equivalent to poorest half of the population.
Combined Income of 25 Richest Americans
Equals income of poorest 2 billion globally.
Under-nourishment Rate
Percentage of population lacking sufficient nutrition.
Crude Birth Rate
Number of live births per 1,000 people per year.
G8
Group of 8 Industrialized Nations including USA, Japan, Russia, Italy, United Kingdom, Germany, France, and Canada.
G7
A group of seven nations formed in 1975 to resist the 1973 oil embargo by the Arabs.
G20
A coalition formed in 1999 that includes nations such as Brazil, China, Saudi Arabia, and the European Union.
Low Income Countries (LICs)
Countries with a Gross National Income per Capita of less than $976 in 2008.
Middle Income Countries (MICs)
Countries with a Gross National Income per Capita between $976 and $11,906 in 2008.
Upper Middle Income Countries
Countries with a Gross National Income per Capita of more than $11,906 in 2008.
Top Ten HDI Countries (2019)
Countries ranked highest in HDI: Norway, Switzerland, Ireland, Germany, Hong Kong, Australia, Iceland, Sweden, Singapore, Netherlands.
Bottom Ten HDI Countries (2019)
Countries ranked lowest in HDI: Mozambique, Sierra Leone, Burkina Faso, Eritrea, Mali, Burundi, South Sudan, Chad, Central African Republic, Niger.
Least Developed Countries
Countries designated by the United Nations that as of 2018 included 47 countries, primarily in Africa, Asia, and Oceania.
Dependency Theory
Emphasizes how colonized territories became poor due to colonial relations, with economies oriented towards serving external demand.
OECD
Organization for Economic Cooperation and Development, an assembly of 37 member states promoting economic growth and sustainable development.
Global North Characteristics
Includes wealthy, industrialized nations, democratic and capitalist countries, and technologically advanced economies.
Global South Characteristics
Comprised of poor countries, politically unstable, and lacking the right technology.
World Bank Classification System
A classification system based on Gross National Income per Capita to categorize countries into LICs, MICs, and Upper Middle Income.
UN Human Development Indicators
Indicators including life expectancy, health profile, education, and political participation used to assess human development.
Difference between Global South and Third World
Global South is a modern term replacing Third World, which referred to non-alignment during the Cold War.
Bandung Conference
A 1955 meeting in Indonesia where leaders of newly independent countries formed a non-aligned movement.
Economic Vulnerability Criteria
Criteria for Least Developed Countries including low income, low human capital, and high economic vulnerability.
Population Distribution
The North holds 1/4 of the world population and controls 4/5 of the income, while the South holds 3/4 of the population and has access to 1/5 of the world income.
Political and Economic Stability
The G7 and G8 are known as major policy-makers capable of promoting or disrupting political and economic stability.
Cold War
A period of geopolitical tension between the Soviet Union and the United States and their respective allies.
Structuralism
Focus on capital accumulation reliance on external economies.
Import-Substitution Industrialization
Policy to replace imports with local production.
Buy Pinoy Products
Campaign promoting Filipino goods over imports.
One Town, One Product
Philippine program promoting local town products.
Modernization Theory
Societal progress linked to material goods production.
Walt W. Rostow
Proponent of modernization theory in foreign policy.
Realism
Pessimistic view of international power struggles.
Niccolo Machiavelli
Philosopher influencing realist political thought.
Thomas Hobbes
Philosopher known for views on human selfishness.
Liberalism
Optimistic perspective promoting cooperation and peace.
Immanuel Kant
Philosopher advocating for universal peace through cooperation.
Marxism
Focus on economic power structures and inequalities.
ASEAN
Regional organization formed to combat communism.
APEC
Economic cooperation forum for Asia-Pacific nations.
ASEAN Plus Three
Includes Japan, Korea, and China for regional cooperation.
East Asian Summit
Regional forum including major powers USA and Russia.
Cultural Homogeneity
Similar cultures may aid regional cooperation.
Geographical Asia
Diverse region complicating cultural unity.
Economic Interdependence
Mutual reliance among nations for trade.
Bilateral Free Trade Agreements
Trade deals between two countries to reduce barriers.
Resource Exploitation
Extraction of resources often harming local economies.
Vietnam War
Conflict influencing U.S. foreign policy in Asia.
Technocratic Style
Governance by technical experts in economic matters.
Diversity in Asia
Variety of cultures presenting challenges for unity.
Northeast Asian Countries
China, Japan, and Korea with dense economic networks.
Regionalism
Political process for cooperation among regional countries.
Regionalization
Societal integration within a specific geographical region.
Economic Flows
Movement of goods and services across borders.
Asian Development Bank
Institution aimed at promoting economic growth in Asia.
Japan International Cooperation Agency
Agency providing economic grants and development assistance.
Production Networks
Specialized production systems across different countries.
Asian Bond
Financial instruments to promote regional economic integration.
Oral Communication
Oldest medium facilitating human cooperation and trade.
Script
First writing system enabling long-distance communication.
Printing Press
Revolutionized information dissemination and cultural exchange.
Electronic Media
Media requiring electricity, enhancing global communication.
Market Integration
Facilitation of trade and economic activities across regions.
Cultural Production
Creation and distribution of cultural goods and services.
Global Citizenship
Ethical implications of belonging to a global community.
Solidarity in Regionalism
Unity among member states for effective regional integration.
Domestic Consumption Markets
Internal markets that many Asian nations underutilize.
Global Integration
Interconnectedness of economies and cultures worldwide.
Developmental Momentum
Strong drive towards regional cooperation and integration.
Ethical Implications
Moral considerations arising from global interconnectedness.
Cross-Continental Transactions
Trade and exchanges occurring between different continents.
International Trade
Exchange of goods and services across national borders.
Climate Change
Global environmental issue affecting all nations.
Terrorism
Global security threat impacting international relations.
Telegraph
Early electronic communication device transmitting messages quickly.
Television
Powerful medium for global storytelling and connection.
Digital Media
Media using digital codes for information representation.