Chapter 9 Flashcards
The process of improving
Development
When a poor country ties the value of its currency to that of a wealthier country
Dollarization
The legal economy that to governments tax and monitor
Formal economy
Created by the United Nations in compares the ability of men and women to participate in economic and political decision-making
Gender empowerment index
Created by the United Nations and compares the level of development of women with that of both sexes
Gender related development Index
The value of the total value of goods and services produced in a country during the year
Gross domestic product
The monetary worth of what is produced within a country plus income received from investments outside the country
Gross national income
The total value of all goods and services produced by a country’s economy in a given year
Gross national product
Created by the United Nations and recognizes that a country’s level of development is a function of economic, social, and it demographic factors
Human development Index
The illegal or uncounted economy that governments do not tax and keep track of
Informal economy
Place built up by a government or corporation to attract foreign investments
Island of development
A country in the earlier stages of development continuum
Less developed country
The percentage of countries population you can read and write
Literacy rate
Vectored disease spread by mosquitoes that carry the parasite in the saliva
Malaria
Zones in northern Mexico with the factory supplying manufactured goods to the US market
MAQUILADORAS
Program that provides small loans to poor people
Microcredit program
A country that has progressed more along development continuum
More developed country
The status that major world powers control the economies of the poor countries in the world
Neo colonialism
International organizations operate outside of the formal political over enough that are never the less influential in spearheading international initiatives on social, economic, and environmental issues
Nongovernmental organizations
Working it involves directly extracting materials from the earth
Primary sector
The value of a particular product compared to the amount of labor needed to make it
Productivity
The portion of the economy concerned with manufacturing useful products through processing transforming and assembling raw materials
Secondary sector
Specific area within a country in which tax incentives and less stringent environmental regulations are implemented to attract foreign business advisement
Special economic zones
Economic policies imposed on less developed countries by international agencies to create conditions incurring international trade
Structural adjustment program
