Foreign Direction Investment (FDI)

Answer:

Investment made by a foreign company in the economy of another country

Gender Empowerment Measure

Answer:

Compares the ability of women and men to participate in economic and political decision making

Trasnational Corporation

Answer:

A company that conducts research , operates factories, and sells products

developing country

Answer:

Term that analysts use instead of the term "less developed country."

Purchasing Power Parity (PPP)

Answer:

A theory that states that if the exchange rates of two countries are in equilibrium, a product purchased in one will cost the same in the other, expressed on the same currency.

quarternary sector

Answer:

The portion of the economy concerned with the collection, processing, and manipulation of information and capital. Examples include finance, administration, insurance, and legal services

Rostow's Stages of Development (Modernization Model)

Answer:

Model created in the 1950's that gives an idea of where a country is in their stage of development. The model of economic development describes a country's progression which occurs in five stages transforming them from least-developed to most-developed countries. There are five stages in this model, including: 1. "The traditional society," 2. "The preconditions for takeoff," 3. "The takeoff," 4. "The drive to maturity," 5. "The age of mass consumption."

structural adjustment programs

Answer:

Economic policies imposed on less developed countries (LDC) by international agencies to create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens for more services.

appropriate technology

Answer:

Technology that increases the efficiency and productivity of hand labor without displacing workers. Workers improve their security without changing the social or economic system.

dependency school

Answer:

A school of thought that explains low development as being a result of the LDCs economic dependency on the MDCs.