Unit 6 - Industrialization and Economic Development

A process of improvement in the material conditions of people through diffusion of knowledge and technology.

• Development

• Fair Trade

• Industry

• Added Value

A social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainability.

• Development

• Fair Trade

• Industry

• Added Value

The value of a particular product compared to the amount of labor needed to make it.

• Development

• Fair Trade

• Industry

• Added Value

Economic activity concerned with the processing of raw materials and manufacture of goods in factories.

• Development

• Fair Trade

• Industry

• Added Value

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

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

Indicator of level of development combining income, literacy, education, and life expectancy.

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

The value of the total output of goods and services produced in a country in a given time period (normally 1 year).

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

The total value of goods produced and services provided by a country during one year. (GDP + Foreign investments)

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

National or global regions where economic power, in terms of wealth, innovation, and advanced technology is concentrated.

• Core

• Periphery

• Semi-periphery

Countries that usually have low levels of economic productivity, low per capita incomes, and generally low standards of living.

• Core

• Periphery

• Semi-periphery