AP Human Geography Chapter 9 "Development" – Flashcards
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Fair Trade
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Products are made and traded according to standards that protect workers and small businesses in LDCs. FLO and TFUSA insure this.
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Transnational Corporation
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Also known as TNC, these companies invest and operate in countries other than the one where their headquarters are located.
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Foreign Direct Investment
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Also known as FDI, these are investments made by a foreign company into the economy of another country.
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Four Asian Dragons
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A group of countries that first adopted the international trade alternative. This includes South Korea, Singapore, Taiwan and Hong Kong.
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Rostow's Development Model
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A five-stage model used to determine development of a country. 1- Traditional Society 2- Preconditions for Takeoff 3- The Takeoff 4- The Drive to Maturity 5- The Age of Mass Consumption
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Gender-Related Development Index
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Also known as GDI, this is used by the UN to compare the level of woman's development to the rest of the country.
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Productivity
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The value of a particular product compared to the amount of labor needed to make it. In other words, Value/Labor
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Tertiary Sector
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The selling of goods and services to people in exchange for payment. Also, a very high percentage of people in MDCs are in this sector.
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Secondary Sector
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Manufacturers that process, transform, create, and assemble raw materials into useful products.
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Primary Sector
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People that directly extract minerals from Earth. This includes miners, fishers and farmers.
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Gross Domestic Product
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Also known as GDP, this is the value of the total output of goods and services produced in a country over one year.
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Human Development Index
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Also known as HDI, this was created by the UN. It recognizes that a country's level of development is a function of economic, social and demographic factors.
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Development
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The process of improving the material conditions of people through diffusion of knowledge and technology.
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Islands of Development
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A place more developed than the surrounding country.