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Define it Acronyms LDC or MDCPrimary

Secondary Or Tertiary

Potpourri

Renewable resource

with example

.Water, timber, wind, solar,biomass

Foreign direct investment

When a company/corporation

invests in the economy of a foreign country

----helps finance development

Development

A process of improvement in the material condition of

people through diffusion of technology and knowledge.

Gender

Socially constructed roles of males and

females: masculine/feminine

i

Value-added

The gross value of the product minus the

costs of raw materials and energy.

(much higher in MDC’s)

HDI

Human Development

IndexUsed by the UN, looks at Indicators

within a country to rate its development: GNI-PPP, Literacy Rate, Education, and

Life Expectancy

GDP

Gross DomesticProduct

The Value of the total output of goods and services produced in a country in a given

time period (a year)

$$$$$$$

MMRMaternal

Mortality Ratio

Maternal Mortality Ratio

Total number of deaths in a year among women who give birth per 100,000

births

More developed=lower number

GII

Gender Inequality Index

Compares the level of development of women with that of both males and

females in a country.

Describe Core and Periphery

Model that shows the uneven development across the world

Core countries use countries on the periphery for resources

Most jobs are in the primary sector

LDC

(agriculture, mining, etc)

Located mainly in the Northern Hemisphere

MDC’sMDC’s

(the north-south split)

Higher life expectancy

MDC’sMDC’s

high

GII

LDC’s

Higher attendance of MALES in education.

LDC’s

Computer Programmer

Tertiary

Furniture maker

Secondary

Nurse

Tertiary

Goat-herder(shepherd)

Primary

The Pres.(Mr. Obama)

TERTIARY

Describe Rostow’s 3rd stage

of development

The takeoff

Rapid growth in one are of the economy—which are becoming productive

while most still live traditionally

Name the 4 Asian Dragons

Why are they called that??

Hong Kong South KoreaSingapore

TaiwanWith little to no natural resources, all 4

rapidly developed using the INTERNATIONAL TRADE MODEL

(copying Japan)

Name the organization that promotes

international trade by reducing trade restrictions and enforcing agreements

The World Trade Organization

WTO

Briefly describe what the SELF-

SUFFICIENCY model of development

is.

Aka: balanced growth•Investment spread equally around country

•Barriers on imports/exports•Government involved in many aspects

(farming subsidized, debt forgiven, communications/transportation, etc

Describe SW Asia’s experience with the International Trade Model…

Product of focus= OIL

Moderate success…

Yet wealth is unevenly distributed among their population. Most still in the “take off” phase