44846
Description
Flashcards by Patricia Rothen, updated more than 1 year ago
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Created by Patricia Rothen
about 11 years ago
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| Question | Answer |
| Purchasing Power Parity (PPP) | The measure of average earnings in relation to local prices. |
| Gender-Related Development Index (GDI) | Measures achievements in the same dimensions as the HDI, but examines inequalities between men and women |
| Gender Empowerment Measure (GEM) | Measures whether a woman can take an active part in economic and political life. |
| Education Index | Based on adult literacy rates, and the combined enrollment for primary, secondary, and tertiary schools. |
| Cumulative Causation Theory | States that pre-industrial society has little regional differences, but rapid economic growth causes economic divergence. Trickle-down from core to periphery is a result. |
| Modernization Theory | States that there are 5 stages to development: 1. Traditional Society 2. Pre-conditions of take-off 3. Take-off 4. Drive to Maturity 5. Age of high mass consumption |
| Gross National Income (GNI) | The total value of goods and services produced within a country, together with the balance of income and payments from or to other countries. |
| Asian Tigers | Four economies that were the first NICs and are associated with high growth rates and industrialization from 1960-1970: Hong Kong, Singapore, South Korea, Taiwan |
| Trading Blocs | An arrangement among a group of nations to allow free trade between member countries but to impose tariffs on other countries wishing to trade with them. (i.e. the EU) |
| Fair/Ethical Trade | Trade that attempts to be socially, economically, and environmentally responsible. Companies take responsibility for the wider impact of their business. |
| Export Processing Zone (EPZ) | Labor-intensive manufacturing centers that involve the import of raw materials and the export of factory products. |
| Free Trade Zones | Zones in which manufacturing does not have to take place in order to gain trading privileges; such zones have become characterized by retailing. |
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