Topic 1

Flashcards from topic one

Diversification of Regions

The process of introducing diversity into the economy and industry of various regions.

Diversification of Poland

Economic development of the country, encompassing diverse sectors in different regions.

Economic Diversification

The division of the economy into various sectors to minimize risk and obtain greater growth opportunities.

Western Regions of Poland

Areas such as Warsaw, Wrocław, and Poznań, characterized by a developed technological and financial economy.

Eastern Regions of Poland

Less developed areas primarily based on agriculture and traditional industries.

Vistula River

The main river in Poland, connecting key economic areas.

Geographic Diversity

The distribution of industry and economic activity across different regions, including differences between western and eastern Poland.

Economic Growth

The ability of an economy to produce goods and services, typically measured as the percentage increase in value.

Economic Potential

The capacity of an economy to produce goods and services within a specified timeframe.

Economic Development vs. Economic Growth

Economic development refers to long-term changes in the economy, while growth concerns short-term changes in production.

HDI (Human Development Index)

A measure of quality of life based on life expectancy, education, and income per capita.

Gini Coefficient

An indicator measuring income inequality within a population; a higher value indicates greater disparity.

Multidimensional Poverty Index (MPI)

Considers health, education, and living standards to assess poverty.

Brandt Line

The division of the world into wealthy North and poor South in the context of political and economic systems.

World Systems Theory

A model that divides countries into core, semi-periphery, and periphery in the context of economic development.

Core Regions

The most developed countries that produce more than 50% of global GDP.

Semi-Peripheral Regions

Rapidly developing countries that aim to achieve core status.

Peripheral Regions

Countries exploited by the core, characterized by slower development.

Background Regions

Marginalized countries facing socio-economic problems.