Measures of Development
GDP
Part of the economy that deals with raw materials
Primary Sector
Companies that do business in multiple countries
Transnational Corporations
Measures inequalities between genders
GII
goods before they've been processed
Raw materials
The measure of the number of people in a country who are able to read
Literacy Rate
An economy that hasn't industrialized
Pre-industrialized
Areas where tariffs and taxes are reduced to encourage trade
FTZs (Foreign Trade Zones)
Model designed to show how dependent countries are on eachother
World Systems Theory
An economy before it has industrialized
Pre-industrialization
A measure of development that takes factors such as life expectancy, education, and income into account
HDI
An economy based on production and manufacturing
Industrial
trade areas designed to increase exports
EPZs (Export Processing Zones)
How dependent countries are upon eachother for a specific goods
Commodity dependence
An economy that is more developed, and moves away from manufacturing
Deindustrialization
Used to measure the value of a countries currency in making purchases
PPP
An economic sector based on service
Tertiary Sector
Areas designed to stimulate economic growth in an area
SEZs (Specialized Economic Zones)
Non-profit non-governmental organizations that focuses on stopping societal issues in developing countries
NGOs
More economic benefits when a certain economic industry is clustered
Economic Agglomeration
A measure of income inequality in a country
Gini Coefficent
Highest level of the economy
Quinary Sector
foreign owned manufacturing plants in Mexico
Maquiladoras
Political philosophy emphasizing a free market
Neoliberalism
A model determining the most cost effective place for a factory to be located
Locational Triangle