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| 6302499033 | Gross National Product | Total value in and out of a country | 0 | |
| 6302504578 | Gross Domestic Product | Total Value in a country | 1 | |
| 6302508664 | Gross National Income | Monetary value of what is purchased and income investment received outside (calculated per capita) | 2 | |
| 6302582520 | Informal economy | -is not taxed or monitored by the government -activities are not included in the GNP or GDP -(underground economy) | 3 | |
| 6302618365 | formal economy | legal economy that governments tax and monitor | 4 | |
| 6302645207 | Core | -Core-Periphery Model -high levels of socio-economic development/prosperity | 5 | |
| 6302690267 | Semi-periphery | -Core-Periphery Model -more powerful than periphery -some control by core | 6 | |
| 6302699468 | Periphery | -Core-Periphery Model -poor -dependent with little control over its own affairs | 7 | |
| 6302710083 | Core-Periphery Model | -Core, semi-periphery, periphery -Based on World Systems Theory by Immanual Wallerstein |  | 8 |
| 6302745805 | Liberal models | all countries are capable of development | 9 | |
| 6302775181 | structuralist models | -many disparities -not all countries go through the same process of development | 10 | |
| 6302787075 | Modernization model | -by Walt Rostow ¨latter of development¨ -assumes all countries follow a similar path to development or modernization advancing through 5 stages of development -corresponds with DTM | 11 | |
| 6302847994 | development | progess is being made in tech, production, and socioeconomic well-being | 12 | |
| 6302903043 | Stage 1 of Modernization Model | -traditional -subsistence farming, tech is slow to change, rigid social structure | 13 | |
| 6302932293 | Stage 2 of Modernization Model | -preconditions to takeoff -new leadership, diversification, openness | 14 | |
| 6302949874 | Stage 3 of Modernization Model | -takeoff -¨industrial revolution¨, increased urbanization, industrialization proceeds, tech and mass production breakthrough | 15 | |
| 6302973655 | Stage 4 of Modernization Model | -drive to maturity -tech diffuses, industrial specialization, international trade expands | 16 | |
| 6302985600 | Stage 5 of Modernization Model | -high mass consumption -high income, wide-spread production of goods and services | 17 | |
| 6306643361 | Backwash Effects | negative impacts on a region due to economic success in another region (acid rain) | 18 | |
| 6306679316 | Spread Effects | positive impacts on a region due to economic growth of another region | 19 | |
| 6306713660 | Agglomeration Diseconomies | The negative economic effects of urbanization and the local concentration of industry | 20 | |
| 6306752550 | Barriers to Economic Development | 1) Social conditions (Lack of education and human trafficking) 2) Foreign debt 3) Disease (malaria) 4) Political instability | 21 | |
| 6306776948 | Costs of Economic Development | 1) Industrialization 2) Agriculture (large scale leaves little room for local market; desertification) 3) Tourism | 22 | |
| 6306809234 | 3 Categories of Tourism | 1) Man-made (theme parks) 2) Historical/cultural (civil war battle fields) 3) Natural Resources (national/state parks) | 23 | |
| 6306828661 | Tourism | -exclusive resorts=no connection with local businesses -most successful regions have multiple attractions -income does not benefit local economies -capital owned by multi-national corporations (not the host country) | 24 | |
| 6306862646 | Ecotourism | -designed to protect and empower locals -3 factors needed for success: 1) low impact/environmentally friendly 2) beneficial to local economy and its residents 3) culturally sensitive | 25 | |
| 6306869449 | Key facts in development | -core countries experience poverty (regional;really poor parts of wealthy countries) -GNI is not always a key indicator of wealth -wealth/poverty are key terms | 26 | |
| 6306999463 | Role of governments in development | government policy influences development (taxes zoning, regulations) | 27 | |
| 6307012575 | Islands of development | -Primate cities in the periphery -focus on wealth in a designated city/region | 28 | |
| 6307056385 | Microcredit Program | Loans to the poor (mostly women) to start their own business. Gives women more power. Less successful in places with high mortality rates | 29 |
