Rubenstein Chapter 9
Terms
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- primary sector
- the portion of the economy concerned with the direct extraction of material from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry
- gross domestic product (GDP)
- the value of the total output of goods and services produced in a country in a given time period (normally one year)
- tertiary sector
- the portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the povision of all goods and services to people in exchange for payment
- human development index (HDI)
- indicator of level of development for each country, constructed by United Nations combining income, literacy, education, and life expectancy
- gender empowerment measure (GEM)
- compares the ability of women and men to participate in economic and political decision making
- value added
- the gross value of the product mins the costs of raw materials and energy
- structural adjustment program
- economic 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 servies
- more developed country (MDC)
- (aka relatively developed country or developed country) a country that has progressed relatively far along a continuum of development
- less developed country (LDC)
- (aka Developing Country) a country that is at a relatively early stage in the process of economic development
- development
- a process of imporvement in the material conditions of ppl through diffusion of knowledge and technology
- secondary sector
- the portion of the economy concerned with manufacturing useful products though processing, transforming, and assembling raw materials
- productivity
- the value of a particular product compared to the amount of labor needed to make it
- literacy rate
- the % of a country's people who can read and write
- gender-related development index (GDI)
- compares the level of development of women with that of both sexes