Unit 7 Economics and Industrialization Vocab Quiz

combines data on life expectancy, literacy, educational attainment, gender equity, and income

A measurement of the total goods and services produced within a country.

A measure, published by the UN, of the economic equality of men and women

It was introduced at the same time as the Gender-related Development Index (GDI) but measures topics like empowerment that are not covered by that index.

the industrialized capitalist countries on which periphery countries and semi-periphery countries depend. These countries control and benefit from the global market.

those that are less developed than the semi-periphery and core countries. These countries usually receive a disproportionately small share of global wealth. They have weak state institutions and are dependent on - according to some, exploited by - more developed countries.

grouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources. ancillary activities, economic activities that surrounded and support large-scale industries such as shipping and food service.

States that optimum location of a manufacturing firm is explained in terms of cost minimization.

The ability of a country to produce a good at a lower cost than another country can.

an agreement between member countries to remove duties and trade barriers on products traded among them.

Those newly industrialized countries with median standards of living, such as Chile, Brazil, India, China, and Indonesia. Semi-peripheral countries offer their citizens relatively diverse economic opportunities but also have extreme gaps between rich and poor.

very small loans to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history.

country whose national economy has transitioned from being primarily based in agriculture to being primarily based in goods-producing industries, such as manufacturing, construction, and mining

each stage is a function of productivity, economic exchange, technological improvements, and income. Economic growth occurs when advancing from one stage to another

is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former.