APHUG Unit 7 Vocab

have not yet industrialized and are often exploited for their cheap raw materials

theory that imbalance between LDCs and MDCs perpetuates economic inequality and prevents LDCs from developing

a statistic that determines what percentage of an age group or gender is currently working

the total value of goods produced and services provided WITHIN a country during one year

top-level decisions; includes government positions, CEOs, CFOs, commerce, and education

economic policies that promote free market principles

transfer of some types of jobs, specifically low-paid, less-skilled, from MDCs to workers in LDCs

have largely de-industrialized and often utilize less developed countries for manufacturing purposes

union of some European countries designed to support development within member states

creating jobs when opening a business will lead to more jobs

difference between men and women’s seats in government, population with some secondary education, factor in GII

a place where products are sold

method of inventory management made possible by efficient transportation and communication systems

the total value of goods produced and services provided by a country’s economy, in the country or not (2 right answers)

energy from a source that is not depleted when used

workers who are self-employed or who work for those who are self-employed, in most cases - not taxes

includes all activities that make up the processing of raw materials

an agreement between two or more countries where the participants agree on certain obligations that affect trade

a decision by a corporation to turn over much of the responsibility to independent suppliers

suggests that the location of a manufacturing industry is dependent on transport cost, labor cost, & agglomeration

controls the price of oil and petroleum products

shows the loss of potential human development due to desparity between female and male achievements in different terms

providing information services such as IT, communications, consulting, research and development, etc.

the ability of an individual, company, or country to produce/provide a good or service at a lower cost than others

the process of transforming raw materials into finished goods on a large scale through various production methods

due to global interdependence, if one country experiences financial crisis, that financial crisis is “felt” globally

a location where transfer of goods is possible from one mode of transportation to another

a natural fuel, such as coal or oil, formed in the geological past from remains of living organisms

an area of the economy in which businesses share the same or a related product or service

works to foster global monetary cooperation

introduced in 1960, presents 5 stages that all countries must progress through in order to become “developed”

the average number of children a woman is likely to have within her lifetime

a localized economy in which a large number of companies and industries cluster together & benefit from sharing costs

change from an agrarian and hand-crafted economy to one dominated by industry and machine manufacturing

influencing another country or group of people by direct conquest, economic control, or cultural dominance

activities are taxed and monitored by the government and are included in the GDP; all jobs with specific hours and wages

the percentage of a population over the age of 14 that can read and write

the final product is heavier than the raw material

a more flexible set of production practices in which the components of goods are made in different places

small loans lent to families/individuals/businesses at low interest rates

taxes on items leaving or entering a country, often used to raise the price of imported goods, supports local goods

a public project in development to provide a new transportation facility to improve or maintain the system of highways

specific area within a country in which tax and investment incentives are implemented to attract foreign business

type of imperialism in which people move into and settle on the land of another country

any industry involved in the extraction of raw materials

the practice of exporting jobs to lower paid employees in other nations

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

maternal mortality rate, adolescent birth rate, factor in GII

17 goals written by the United Nations with an objective of making substantial progress toward all goals improving life

an increase in efficiency to lower the per-unit production cost, resulting in greater profits

the final product is lighter than the raw material

service sector, involves the selling of services and skills, as well as goods and products from earlier sectors

are newly industrialized and often supply core countries with manufactured goods

newer classification of industry that focuses on high-tech products and services, related to STEM products and jobs

business owner gets money to start a new small business, buy an existing one, or bring money to a future one

areas found in developing regions of the world; they provide incentives to foreign companies to conduct business there

creates policies on global trading

when 2 regions specifically meet each other’s needs through exchange of raw materials and/or finished goods

a form of tourism based on the enjoyment of natural environments that aims to provide an experience of nature

as long as MDCs depend on LDCs for labor & raw materials, LDCs depend on MDCs for income, power imbalance will continue

measures the quality of life in any given place based on life expectancy, education levels, and income per capita