Human Development and Economic Systems Practice

Flashcards covering the Human Development Index (HDI), economic sectors, and Wallenstein's world systems theory based on lecture notes.

Development

The process of improving the conditions of people through diffusion of knowlegde and technology

HDI

Human development index; measured by a decent standard of living, a long and healthy life, and access to knowlegde

GNI

Gross national income; an economic term used to measure decent standard of living

PPP

Purchasing power parity; an economic term used to measure decent standard of living

Long and healthy life

A component of the HDI index measured by life expectancy

Access to Knowlegde

A component of HDI combining measures of years of schooling for adults and expected years of schooling for youth

Pupil/teacher ratic

An additional measure used to form the access to knowlegde component of HDI

Literacy rate

An additional measure used to form the access to knowlegde component of HDI

Primary sector

Economic activities where resources come from the Earth, such as agriculture, mining, and fishing

Secondary sector

The economic sector involving manufacturing

Tertiary sector

A serviced economy consisting of services

Wallenstein's cand-Systems theory

A theory describing unequal and uneven development through the classification of core, semi-hemisphere, and periphery countries

Core

Developed countries with a strong economic base

Semi-hemisphere

Developing countries with a louer Standard of living than core countinies but higher than a periphery

Periphery country

Less developed countries with a poor economy

Standard of living

Based on economic sectors (primary, secondary, and tertiary)