Unit 7: Industrial and Economic Development Patterns and Processes

Flashcards covering key concepts related to industrial and economic development from Unit 7.

What facilitated the growth and diffusion of industrialization during the Industrial Revolution?

New technologies and the availability of natural resources facilitated the growth and diffusion of industrialization.

How did industrialization impact food supplies and populations?

Industrialization caused food supplies to increase and populations to grow.

What are the five economic sectors?

Primary, Secondary, Tertiary, Quaternary, Quinary.

What does Gross Domestic Product (GDP) measure?

GDP measures the total economic output of a country.

How does the Human Development Index (HDI) represent levels of development?

HDI is a composite measure that includes indicators of health, education, and economic status.

What is the core-periphery model?

The core-periphery model describes the spatial distribution of economic activity, with core regions being more economically developed than periphery regions.

What roles do women typically have in emerging economies?

Women often join the workforce but still face inequities in wages and employment opportunities.

What theory explains the international division of labor?

Wallerstein's World Systems Theory helps explain the international division of labor.

What are special economic zones?

Special economic zones are designated areas in countries where business and trade laws differ from the rest of the country to attract foreign investment.

What is meant by post-Fordist production?

Post-Fordist production refers to more flexible production methods that emerged after Fordism, focusing on efficiency and just-in-time delivery.

How do neoliberal policies affect trade?

Neoliberal policies advocate for free trade agreements and reduced tariffs, fostering greater globalization.

What is ecotourism?

Ecotourism is responsible travel to natural areas which conserves the environment and improves the well-being of local people.

What is the multiplier effect in economics?

The multiplier effect refers to the increase in final income arising from any new injection of spending.

Name a measure of gender inequality.

The Gender Inequality Index (GII) is a measure of gender inequality.