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AP Human Geography Chapter 9: Development Flashcards

AP Human Geography

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1206380914DevelopmentA process of improvement in the material conditions of people through diffusion of knowledge and technology
1206380915Fair tradeAlternative to international trade that emphasizes small businesses and worker owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
1206380916Foreign direct investment (FDI)Investment made by a foreign company in the economy of another country
1206380917Gender Empowerment Measure (GEM)Compares the ability of women and men to participate in economic and political decision making.
1206380918Gender-Related Development Index (GDI)Compares the level of development of women with that of both sexes.
1206380919Gross domestic product (GDP)The value of the total output of goods and services produced in a country in a given time period (normally 1 year).
1206380920Human Development Index (HDI)Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy.
1206380921Less Developed Country (LDC)A country that is at a relatively early stage in the process of economic development.
1206380922Literacy RateThe percentage of a country's people who can read and write.
1206380923Millennium Development GoalsEight international development goals that all members of the United Nations have agreed to achieve by 2015
1206380924More Developed Country (MDC)A country that has progressed relatively far along a continuum of development.
1206380925Primary sectorThe portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
1206380926ProductivityThe value of a particular product compared to the amount of labor needed to make it.
1206380927Secondary sectorThe portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
1206380928Structural adjustment programEconomic policies imposed on less developed countries by international agencies to create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services.
1206380929Tertiary sectorThe portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment.
1206380930Transnational corporationA company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.
1206380931Value addedthe gross value of the product minus the costs of raw materials and energy.

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