Studied by 6 people
Developed Country
A sovereign state that has a high quality of life, a developed economy, and an advanced technological infrastructure
Developing Country
A country that is seeking to be more advanced economically and socially
Development
The process of improving the material condition of people through the growth and diffusion of technology and knowledge (Based on the Industrial Revolution and Westernization)
Neocolonialism
The use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies
Development Gap
The widening difference in levels of development between the world's richest and poorest countries (MDCs develop faster than LDCs)
Brandt Line (North-South Divide)
The developmental gap between northern and southern states (partially due to colonialization)
Island of Development
Pockets of more developed areas within lesser developed countries
Rostow’s Ladder of Development
A modernization model focused on the shift from traditional society to a Westernized, industrialized world
World Systems Theory (Wallerstein’s World Systems Theory)
A dependency model stating that all countries are intertwined as a global system
Dependency Theory
Resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former
Core
The industrialized capitalist or imperialist countries that can exploit periphery and semi-periphery states
Semi-Periphery
Industrializing countries between core and periphery states
Periphery
Countries that are less developed than and can be exploited by core and semi-periphery states
Female Labor Force Participation Rate
A percentage of the total show the extent to which women are active in the labor force
Gender Development Index
Measures the gender gap in income, education, and life expectancy (think HDI by gender)
Gender Inequality Index
Measures the gender gap in reproductive health, empowerment, and laborforce
Gross Domestic Product
Total value of production in one year within a country
Gross National Income
Total value of all goods including those overseas (GDP + exports - imports)
Gross National Product
Total value of all goods domestic and abroad from citizens
Human Development Index
A measure of human development by health, knowledge, and standard of living
Inequality-Adjusted Human Development Index
The average achievements of a country in health, education, and income, but also how those achievements are distributed among its population by “discounting” each dimension's average value according to its level of inequality
Literacy Rate
The percentage of the population of a given age group that can read and write
Special Economic Zones
An area with economic regulations to increase trade (foreign investment, free trade, no tax, looser regulations)
Microfinance (Microcredit)
The lending of small amounts of money at low interest to new businesses in the developing world
Purchasing Power Parity
The rates of currency conversion that try to equalize the purchasing power of different currencies, by eliminating the differences in price levels between countries
Structural Adjustment Program
A set of economic reforms that a country must adhere to in order to secure a loan from the International Monetary Fund and/or the World Bank
Fair Trade
Consumers in mostly more developed countries purchase goods from producers mainly in less developed countries where a portion of the income is pad back to the producers
Millennium Development Goals
Eight goals with measurable targets and clear deadlines for improving the lives of the world's poorest people in developing countries
Sustainable Development
Development for people in the future to live well (resource depletion, environmental degradationn, ecotourism)
Sustainable Development Goals
Universal goals and targets for MDCs and LDCs developed by the UN to eradicate poverty and realize a sustainable world
Non-Governmental Organization (NGO)
A nonprofit organization that operates independently of any government, typically one whose purpose is to address a social or political issue
Vertical Integration
When one company controls all aspects of its production process
Horizontal Integration
Expansion by merging with or quiring other companies within the same part of the supply chain
Vectored Disease
A disease that spreads through a host (malaria)
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Flashcard (106)