HGAP unit 7

economic development

improvement of living standards and economic health through transition from economy based on raw materials to one based on industry and services.

levels of development

traditional society, pre conditional to take off, take off, drive to maturity, high mass consumption

criticisms of rostows model

1. based on industrialized capitalist, democratic countries

2. scale and uneven development

3. liner progress

4. globalization

5. equal potential to develop

6. sustainability

7. legacy of colonialism

wallersteins world system theory

there is a world economic system -one large interconnected economy

core periphery model

core, semi periphery, periphery

core

• economic and political dominant

• strong military allies

• highly interconnected transportation and communication

semi periphery

• middle income countries

• aspects of the core and periphery

• process of industrialization

periphery

• unsustainable government

• less wealth, lower levels of education that core

• exports natural resources to core and semi periphery

export processing zones

manufacturing zones in a country attracting investment form transnational companies and multinational companies

postindustrial landscape

U.S. manufacturing industry, no longer employs large numbers of people in factories but has people who provide services, and process info