Vocabulary Quiz Unit 1 (Economic Development)

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Last updated 7:18 PM on 8/29/23
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24 Terms

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Primary Sector
extraction of raw materials.
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IHDI
uses the same indicators as HDI, but adjusts to the inequalities facing some countries.
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Secondary Sector
manufacturing.
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Development
the process of improving material conditions of people through diffusing knowledge and technology.
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Tertiary Sector
services.
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Dependency Theory
the idea that core countries and periphery/semi-periphery countries rely on one another.
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periphery country

less developed countries that receive a small share of global wealth.
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HDI
 uses economics, social indicators and demographics to rank countries. The perfect score is 1.0.
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Globalization
connections of different parts of the world. Business, organizations and companies operating internationally.
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MDC
well developed and industrialized.
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GII
 compares levels of development of women to that of men.
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GDP
how much stuff is being produced in a nation.
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Commercial Agriculture
raise animals and crops for profit, mainly used in MDCs.
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Core Country
industrialized capitalist nations that benefit from the global market.
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Preservation
protects the environment from harmful human activities.
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Sustainability
the use of Earth’s resources in ways that do not constrain resource use for the future.
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LDC
typically lower income and facing development problems.
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Outsourcing
turning over the responsibility for production to independent suppliers.
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Subsistence Agriculture
produces food for your own consumption, mainly used in LDCs.
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World Bank
funds development projects through loans and grants
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Conservation
protecting Earth’s natural resources for current and future generations. 
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semi-periphery country

industrializing nations that are mostly capitalist.
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transnational corporation

conduct research, operate factories, and sell products in many countries, not just where the headquarters is located

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GNI
the total amount of money earned by a nation’s people and businesses, both inside and outside the country’s borders.

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