Economic Sectors
The part of the economy that transforms raw materials into manufactured goods
Secondary Sector
Name 3 criteria that measures of development may include:
They include GDP, GNP, literacy rate, education rate, infant mortality rate, total fertility rate, life expectancy, caloric intake, etc.
The average number of children a woman will have throughout her childbearing years is called the...
Total Fertility Rate (TFR)
The Measures the value of goods and services within a nation's borders is called....
Gross Domestic Product (GDP)
The percentage of the countries people who can read and write is called the....
Literacy rate
The portion of the economy concerned with the direct extraction of materials from Earth's surface (agri- culture, mining, fishing, forestry, etc.)
Primary sector
Describe Comodity dependence
An economy that relies on the export of primary commodities for a large share of its export earnings
The total number of deaths in a year among infants under 1 year old for every 1,000 live births in a society is called the...
Infant Mortality Rate (IMR)
Measures the value of goods and services by a country's citizens, domestically and abroad is called the...
The Gross National Production (GNP)
Describe a core country
Countries that dominate trade, control the most advanced technologies, and have high levels of productivity within diversified economies.
Consists of the highest levels of decision making and includes the top officials in various levels of government and business.
Quinary Sector
Describe Wallerstein's World Theory System
Countries are divided into either periphery, semi-periphery, core countries; periphery provides the raw materials, semi-periphery manufactures, and core consumes. They are depended on each other's roles.
An indicator constructed by the UN to measure the extent of each country's gender inequality in terms of reproductive health, political empowerment, and the labor market participation rate is called the...
Gender Inequality Index (GII)
Measures the total annual income received by residents of a nation divided by its population is called the...
Gross National Income (GNI)
Describe a periphery country
Country that incorporates lower levels of education, salaries, and technology.
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment.
Tertiary sector
Name the 5 stage of Rostow's Stages of Economic Growth in order
1. Traditional Society
2. Preconditions for take off
3. Take off
4. Drive to Maturity
5. High Mass Consumption
An indicator constructed by the UN to measure the level of development for a country through a combination of income, education, and life expectancy is called the...
Human Development Index (HDI)
What is Microfinance/ microloans? Define it, say who gets it, and where this is typically geographically.
Programs that provide small loans to start or expand a business to entrepreneurs who would not normally qualify for credit from traditional sources. Usually: women in LDCs.
Describe a semi-periphery country
Places where core and periphery processes are both occurring; uneven development; often focuses on the secondary (manufacturing sector)
The knowledge-based sector that includes research and development and financial services. Jobs are information and research based is called the...
Quaternary Sector
Describe Dependency Theory
A model of economic and social development that explains global inequality in terms of the historical exploita- tion of poor nations by rich ones
A statistic that determines what percentage of an age group or gender is currently working
Labor Market Participation Rate (LMPR)
Define economies or scale
Making production more efficient by lowering production costs
List the 6 semi-periphery countries we have been discussing in class
Mexico, China, Russia, India, Brazil, South Africa