Unit 7 APHUG

concentration of highly innovative and technically advanced industries that stimulate economic development

economic activity that processes raw materials and transforms them into finished goods

the average number of children a woman will have during her childbearing years (15-49)

a call to action by the U.N. to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity

advantages created when producing goods that are consumed together

model that describes how economic power is distributed between dominant regions and less powerful regions

countries where economic power (wealth, innovation, technology) is concentrated that control/benefit from global market

the clustering of businesses that can benefit from close proximity because they share skilled-labor

non-taxable income that the government is not aware of

areas in LDCs that offer exemptions from certain taxes/business regulations to promote industrial and commercial exports

measurement of income distribution within a population

the extent to which a country is dependent on primary commodities for export

advantages to locations that combine low operating costs resulting in opportunities that produce goods for a lower price

when a company sends goods/services out for external production, typically where labor is cheaper

economic activity that provides services

the transfer of transported cargo from one kind of carrier to another

countries with low levels of economic productivity and a disproportionately small share of the world’s wealth

number of deaths under one year of age per 1,000 live births during a given year

measurement of the total value of goods/services produced within the borders of a country during a specific time period

measurement that evaluates women’s status in a country based on participation in economic/political/labor participation

low interest loans usually for smaller sums of $$$ to provide poor women the opportunity to open a small local business

container with strength suitable to withstand shipment, storage and handling

theory that assumes all countries are capable of dev. along the same trajectory which encompasses 5 stages of dev.

theory that proposes that LDCs which may be free from political colonial control, remain economically dependent on MDCs

the term used for the transformation from an agricultural society to an industrial society

an industry is located where it can minimize its costs, and therefore maximize its profits

measurement used by the United Nations to calculate development in terms of human welfare

theory that says that LDCs are kept in a position of dependency due to the existing economic/political power structures

flexible production that is no longer centralized in one manufacturing facility

designated area that has economic laws that are more free-market-oriented than a country's typical national laws