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Chapter 10

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Term
Definition
Gross national product   show
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show includes only goods and services produced within a country during a given year.  
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gross national income   show
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Per capita GNI   show
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show the legal economy that governments tax and monitor.  
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Informal economy   show
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show Growing gap in access to Internet and communication technologies between connected and remote places.  
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dependency ratio   show
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sustainable development goals   show
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modernization model   show
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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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Neocolonialism   show
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Structuralist theory   show
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Dependency theory   show
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Dollarization   show
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World systems theory   show
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Three tier structure   show
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show processes generate wealth in a place because they require higher levels of education, more sophisticated technologies, and higher wages and benefits  
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show processes, on the other hand, require little education, lower technologies, and lower wages and benefits. may generate a stable food supply in a place, but it does not have a significant impact on the larger formal economy.  
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Semi-periphery   show
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Commodity chain   show
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show goods traded on one mode of transport were transported to another mode of transport  
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show A set of requirements to open markets, privatize industries, and allow foreign direct investment in developing countries in exchange for loans from international financial institutions.  
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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 a variant of the neoclassical economic idea that government intervention into markets is both inefficient and undesirable  
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show A form of forced migration in which organized criminal elements move people illegally from one place to another, typically either to work as involuntary laborers or to participate in the commercial sex trade.  
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show Foreign-owned factories in Mexico where low-wage workers assemble imported components and raw materials into finished products for export.  
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show results from humans destroying native vegetation and eroding soils through the overuse of lands for livestock grazing or crop production.  
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show When a government or corporation builds up and concentrates economic development in a certain city or small region  
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show operate independently, and the term is usually reserved for entities that operate as nonprofits.  
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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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