The Cultural Landscape Chapter 9: Development

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12 Terms

1

more developed country

also known as a relatively developed country or simply as a developed country, has progressed further along the development continuum

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2

less developed country

a country in an earlier stage of development

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3

Human Development Index

created by the United Nations, recognizes that a country's level of development is a function of all three of these factors

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4

primary sector

directly extract materials from Earth through agriculture, and sometimes by mining, fishing, and forestry

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5

secondary sector

includes manufacturers that process, transform, and assemble raw materials into useful products

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6

productivity

the value of a particular product compared to the amount of labor needed to make it

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7

value added

in manufacturing is the gross value of the product minus the costs of raw materials and energy

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8

literacy rate

the percentage of a country's people who can read and write

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9

Gender-Related Development Index

compares the level of women's development with that of both sexes

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10

foreign direct investment

investment made by a foreign company in the economy of another country

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11

transnational corporation

invests and operates in countries other than the one in which its headquarters are located

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12

fair trade

means that products are made and traded according to standards that protect workers and small businesses in LDCs

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