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development
the growth/advancement of different countries. Variations in development on different scales: global, regional, & local
fertility rate
calculation of the average number of children a woman has (15-49)
gross domestic product (GDP)
the overall amount of goods & services produced in a country in 1 year
gross national product (GNP)
the value of goods, services, & foreign investments in a given year
gross national income (GNI)
most accurate measurement of national wealth because it factors in the impacts of global trade.
infant mortality rate
number of deaths of infants under the age of on in a given year per 1,000 live births
life expectancy
average number of years someone is expected to live based on mortality rates when they were born
per capita
per person
purchasing power parity (ppp)
compares currencies by measuring how much the same basket of goods costs in different countries.
human development index (HDI)
a metric used to assess & compare global development levels. summary measure used to rank countries by their overall level of social economic development
core countries
dominant, wealthy, countries that are the center of the global economics system
environmental determinism
The idea that human behavior is determined by the environment
formal sector
regulated - monitored by the government, adheres to legal/tax frameworks.
higher wages, safety benefits, & legal protections
roles: corporate & banking jobs
globalization
the idea that the world is shrinking: connections are closer than ever
accelerated exchange: sharing ideas, innovations, and objects faster
informal sector
unregulated jobs outside of tax & regulations
vulnerable: low wages & 0 benefits
roles: street vendors, daily labor
land use
describes how humans adapt, manage, and modify the physical earth for economic, social, and cultural purposes
natural resources
materials/substances found in nature that humans use for survival, economic activity, and daily life
nonrenewable resources
resources we only have so much of - it cannot be replenished fast enough to keep up with human consumption
renewable resources
natural resources that can replenish itself at a rate comparable to human consumption
primary sector
working with raw materials
agriculture, gathering industries, extractive industries
secondary sector
manufacturing: doing something WITH the raw materials
manufacturing, processing, construction
tertiary sector
paying someone to do something that you don’t want to do
retail & wholesale, trade, personal & professional services
quaternary sector
research
cybersecurity, scientists, researchers, management
quinary sector
high level decision making
CEO, politician
possibilism
belief that the environment has challenges bu humans adapt
sustainability
how we use resources as we move forward (how to maintain what we have)
Core characteristics
economic & politically dominant
strong military & allies
highly interconnected
control of global market
Semi-Periphery characteristics
active in manufacturing & exporting
better infrastructure than periphery
in the process of industrialization
Periphery characteristics
often have unstable governments
less wealth & education
exports raw resources to C & SP
low skill, low wages, labor intensive