Industrial and Economic Development

These flashcards cover key concepts related to the Industrial Revolution, economic development indicators, migration theories, and social measures of development.

What is the Industrial Revolution?

A period of major industrialization that started in the late 18th century and transformed economies from agrarian to industrial.

What are the impacts of the Industrial Revolution on transportation?

The Industrial Revolution brought advancements in transportation such as the steam engine and railroads, facilitating the movement of goods and people.

Which sectors are addressed in the economic structure of a developing country?

The primary, secondary, tertiary, quaternary, and quinary sectors.

What does GDP stand for?

Gross Domestic Product.

What is the purpose of the Demographic Transition Model (DTM)?

To describe the transition of a country through different stages of population growth and decline.

What are Wallerstein's World Systems theory three types of countries?

Core, semi-periphery, and periphery countries.

What factors influence population distribution?

Geographic factors, resources, economic opportunities, and environmental conditions.

What does the Gini Coefficient measure?

Income inequality within a population.

What is a push factor in migration?

A social, economic, political, or environmental condition that prompts individuals to leave their current residence.

What is meant by 'remittances' in the context of migration?

Money that migrants send back to their home country, contributing to the economy.

What is Ravenstein’s first law of migration?

Most migrants travel short distances and remain within their country.

What is the significance of Labor Saving Technology?

Technologies that reduce the amount of labor required for production, often leading to increased efficiency.

What is the relationship between education and development?

Higher levels of education typically correlate with higher levels of economic development.

What is the role of the Human Development Index (HDI)?

To measure and rank countries based on human development levels, factoring in income, education, and life expectancy.

What does 'total fertility rate' indicate in demographics?

The average number of children a woman is expected to have during her lifetime.