APHG ch 9

Define Rostows model

Define Rostows model

stage 1: Traditional society (subsistence, barter, agriculture)

stage 2: Transitional stage(specialization, surpluses infrastructure)

stage 3: Take off(Industrilisation, growing investment, regional growth, poltical change)

stage 4:drive to maturiy(diversification,innovation,less reliance on imports, investment)

stage 5:high mass consumption (consumer oriented, durable goofs flourish, service sector becomes dominant)

name the 4 dragons

Hong Kong, Taiwon, SINGAPORE, south Korea

Define GDP

• Total value of official recorded goods and services by the citizens and corporations within a country's borders in a given year

• Goods and services= GDP

define micro loan

MicroLoan Program is a program administered by the Small Business Administration. Since 1992, the MicroLoan Program has provided microloans to start-up, newly established, or growing small business endeavors.

which country makes the most agriculture?

central Africa

what makes rostow successful

goes through all stages

Define core

control of the global market. Businesses are headquartered here, strong in military and communication

define semi-perphery

• “Middle income” countries

• aspects of the core and periphery

define HDI

• Score between 0 and 1

• Lower the score, LESS developed. Higher the score, Higher development

• Combination of the 4 different indicators makes HDI a MORE accurate measure of development than other measures- like IMR alone

• Combines social + economic

Define GDI

• Measures gender gaps in human development achievements by accounting  for disparities between women and men and three basic dimensions of human development:

  • Health

  • Knowledge

  • living standards using the same component indicators as in the HDI

which side of the brandt line is wealtier

North

In rostows model, what happens during the preconditions of take off?

building of dams

define fair trade

address issues of low prices paid to producers in LDCs  and eliminate low wages and poor working conditions for workers in LDC

what are some social ecnomic indicators

GDP, GNP, GNI, PPP (purchasing power parity)

where is the highest GEM or GDP

Scandiva

name the sectors of the economic system in order (lowest to highest)

Primary, Secondary, Teritary, Quantery, Quinary

Define the primary sector

1. extraction of raw materials and natural resources from the Earth's surface

   1. Examples:  mining, fishing, agriculture, Forestry

define the secondary sector

1. processing and Manufacturing raw materials into a finished product

   1. examples:  factories and Manufacturing

define the tertiary sector

1. service sector that focuses on moving, selling, and trading products and primary and secondary sectors.

   1. Examples:  retail, marketing, design, restaurants

define the quaternary sector

1. Knowledge-based sector, focusing on research and information creation and transfer

   1. Examples: Investment bankimg, real estate, college professors, education, software developers

define quinary sector

1. highest levels of decision making, includes top officials and government and business.  the decision impacts millions

   1. examples: Congress and CEOs

State energy consumption in MDCs and devolping countries

• MDCs- highest per capita consumption of energy

• Demand for use of fossil fuels is increasing in DCs

State renewable energy in MDCs and devolping countries

• Nuclear energy is increasing in MDCs

• Hydroelectric is higher in DCs

Name HDI factors

(social + economic) life expectancy, life literacy, income literacy

define the dependcy theory

• Hold that LDCs  are highly dependent on foreign factories and technology from  MDCs  to provide employment and infrastructure

• The LDCs  in this Theory gets stuck in the continuous cycle of dependency on the MDCs which never allowed their economies to fully develop

what are the 2 facots of Rostow

1. The developed  countries of North america, Western europe, and Oceana had been joined by others in Southern and Eastern Europe and Japan

2. many ldcs contain an abundant Supply raw materials sought by manufacturers and producers and MDCs

what are some parts of critism towards Rostow

1. Based on industrialized, capitalist, Democratic countries

2. SCALE  and uneven development

3. Linear progress

4. Globilzation

5. equal potential to develop

6. Sustainability

7. Legacy of colonialism

Define the self suffiency approach

1. Development

• This approach attempts to develop a country's economy by limiting imports and exports

• goal: to promote all parts of the economy, leading to jobs in development

Define the International trade approach

1. Allows for a country to specialize in relatively few local Industries and trade with the international market for other needs

2. Based on comparative advantage and Regional specialization:

which is more succesful, internatiol trade or self suffenciy

International trade