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This StudyStack covers Human Geography Unit 6: Ch. 10 vocabulary.

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Vocabulary word
Definition
Gross National Product (GNP)   show
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Gross Domestic Product (GDP)   show
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show A measurement of a country's wealth that includes the total value of all goods and services produced within the borders of a country, plus income received from investments outside of the country in a year.  
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Per capita GNI   show
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Formal economy   show
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Informal economy   show
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Digital divide   show
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Dependency ratio   show
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show Agenda agreed to by member countries of the United Nations to improve peoples' lives across several human conditions, including education, environment, political liberty, poverty, and inequality.  
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show Theory that countries follow the same path along stages of development. Developed by economist Walter Rostow.  
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show The physical and human geographies creating the place, environment, and space in which events occur and people act.  
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show Economic and financial policies that give higher income countries and organizations control over lower income countries.  
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show Theories based on the idea that difficult-to-change, large-scale economic arrangements shape what is possible for a country.  
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show Andre Gunder Frank's theory that wealthy countries set up exploitative economic relations whereby lower income countries became dependent on wealthy countries, who in turn benefit economically.  
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show When one country abandons their local currency and officially adopts the currency of another country.  
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World Systems Theory   show
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Three tier structure   show
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show Places in the world economy where core processes dominate.  
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show Places in the world economy where periphery processes dominate.  
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show Places where core and periphery processes are both occurring; places that are exploited by the core but in turn exploit the periphery.  
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Commodity chain   show
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Break of bulk point   show
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Structural adjustment loans   show
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show Agreement among international financial institutions that policies opening markets in lower income countries would lead to economic development.  
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show Policies based on the economic theory that government should not intervene in markets.  
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Trafficking   show
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show Foreign-owned factories in Mexico where low-range workers assemble imported components and raw materials into finished products for export.  
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Desertification   show
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Islands of development   show
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show Privately funded institutions that aid in development and relief work.  
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show Practice of giving small loans to individuals, who operate within a community of other borrowers, to start businesses and cottage enterprises.  
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Created by: PL214732
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