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the money generated by citizens and businesses of a country regardless of where the citizens are or lived when money is earned (workers and people)
gross domestic product (GNP)
a measure of what similar Goods cost in different countries
purchasing power parity (PPP)
the percentage of population that can read and write, usually at an 8th grade level or higher
literacy rate
to provide loans often to women to start or expand a business
Microcredit
when more than 60% of a country's export our raw materials
commodity dependence
the money generated by citizens and businesses of a country regardless of where the citizens are or lived when money is earned (factories)
Gross national income (GNI)
the portion of the economy that is monitored by the government so people in it follow regulations and pay taxes
formal sector
differences in the Privileges afforded to males and females in a society
Gender gap
a modernization theory that focuses on the shift from traditional to Modern forms of society
Stages of economic growth model
when one party desires a good or service that it does not have or cannot produce and another party has the desired good or service with which it is willing to part
the dollar amount of all final goods and services produced within a country in one year
Gross domestic Product (GDP
the portion of the economy that is not monitored by the government
informal sector
a composite measure of several factors indicating gender disparity
Gender inequality index (GII)
alternative model to Rostow's
world systems theory/ core-periphery model
a system of Exchange in which no money changes hands
Barter
the profits from a foreign owned company were leaving the country and going back to the home country
remittances
one measure of the distribution of income within a population
Ginza Coefficient
Combines one economic measure (GNI Per capita) with three social measures (Life expectancy, expected years of schooling, and average years of schooling)
Human Development Index (HDI)
countries do not exist in isolation but are part of an intertwine World System in which all countries are dependent on each other
Dependency model
the ability to produce a good or service at a lower cost than others
comparative advantage
an amount per person
per capita
the number of years a person is expected to live has a positive correlation with development
life expantancy
several programs enacted by governments and international non-profit agencies
Non-governmental organizations (GNOs)
raw materials such as coffee, cocoa, and oil, that have not undergone any processing
commodities
when a country has the income goods or services that the other country desires
complementarity