The Cultural Landscape Chapter 9: Development

more developed country

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

less developed country

a country in an earlier stage of development

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

primary sector

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

secondary sector

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

productivity

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

value added

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

literacy rate

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

Gender-Related Development Index

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

foreign direct investment

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

transnational corporation

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

fair trade

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