Define it Acronyms LDC or MDC Primary Secondary Or Tertiary Potpourri 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

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

Value-added

The gross value of the product minus the costs of raw materials and energy. (much higher in MDC’s)

HDI

Human Development Index Used by the UN, looks at Indicators within a country to rate its development: GNI-PPP, Literacy Rate, Education, and Life Expectancy

GDP

Gross Domestic Product The Value of the total output of goods and services produced in a country in a given time period (a year) $$$$$$$

MMR Maternal 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

(agriculture, mining, etc) LDC (agriculture, mining, etc)

Located mainly in the Northern Hemisphere

(the north-south split) MDC’s (the north-south split)

Higher life expectancy

MDC’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

Why are they called that?? Name the 4 Asian Dragons Why are they called that??

Hong Kong South Korea Singapore Taiwan With 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.

Investment spread equally around country Barriers on imports/exports 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