[DEVS 100] - Midterm Exam Guide - Everything you need to know! (33 pages long)

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(cid:498)developed areas(cid:499)- scientific advancement, industrial progress and skill and technical knowledge. (cid:498)backward areas(cid:499)- used before underdeveloped but now seen as derogatory. (cid:498)third world(cid:499)- many are unhappy with this term because it implies a world hierarchy. (cid:498)developing world(cid:499) or (cid:498)emerging markets(cid:499) used to be measured in gdp but produced anomalies. (cid:498)fourth world(cid:499)- a newer term, it either means the poorest of the poor countries or to reference the internal colonization of. Global south- provides a neutral way of referring to countries because it focuses on geographical location, but developing countries can be found all over the world, not just in one place. (australia is in the south) Terms are very important because they can shape public opinion. )t(cid:495)s the progress of all aspects of life in one nation. Most commonly measured by growth of economy. Gdp (gross domestic product) is the measure of the value of goods and services produced in a national economy.