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C10 Development

Development

TermDefinition
Adolescent fertility rate The number of births per 1,000 women ages 15-17.
Developed country A country that has progressed relatively far along a continuum of development.
Developing country A country that is at a relatively early stage in the process of Economic Development.
Development A process of improved conditions of people through diffusion of knowledge and technology.
Fair Trade An alternative to international trade that provides greater equity to workers small businesses, and consumers, focusing primarily on products exported from developing countries.
Female labor-force participation rate. The percentage of women holding full-time jobs outside the home.
Foreign Direct Investment (FDI) Investment made by a foreign company in the economy of another country.
Gender-related Development Index (GDI) Measures gender gap in levels of income, education, and life expectancy.
Gender inequality index A measure of the extent of each country's gender inequality.
Gross domestic product (GDP) The value of the total output of goods and services produced in a country in a year (not accounting for money that leaves and enters the country)
Gross national income (GNI) The value of the output of goods and services produced in a country in a year, including money that leaves and enters the country.
Human development index (HDI) An indicator of the level of development for each country, constructed by the United Nations, that is based on income, literally, education, and life expectancy.
Inequality-adjusted HDI (IHDI) Modification of the HDI to account for inequality within a country.
Literacy rate The percentage of a country's people who can read and write.
Maternal Mortality Rate The number of women who died giving birth per 100,000 births.
Microfinance Provision of small loans and financial services to individuals and small businesses in developing countries.
Sustainable Development Goals 17 goals established by UN countries to reduce the disparity between countries.
Primary sector The 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.
Productivity The value of a particular product compared to the amount of Labor needed to make it.
Pupil/teacher ratio number of students divided by the number of teachers.
Purchasing power parity (PPP) The amount of money needed in one country to purchase the same goods and services in another country; figures to account for differences among countries in the cost of goods.
Secondary sector The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
Structural Adjustment Program Economic policies imposed on less developed countries by international agencies to create conditions that encourage international trade.
Tertiary sector The portion of the economy concerned with Transportation, Communications, utilities, sometimes extended to the provision of all goods and services to people, in exchange for payment.
Value Added The gross value of a product minus the costs of raw materials and energy (profit)
Austerity Program Set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both.
Stimulus Strategy governments should spend more money than they collect and stimulate the economy by putting people to work building infrastructure
Created by: ladyhogan
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