Industry and Economic Development

A series of flashcards covering key vocabulary from the lecture on industry and economic development.

Secondary Sector

Includes manufacturing, processing, and assembly activities in the economy.

Industrial Revolution

A period beginning in the late 1700s, originating in Great Britain, marked by changes in production, urbanization, and economic development.

Rostow Model

A theory of economic development that outlines five stages, including the 'takeoff' stage which emphasizes a rise in industrial production.

Wallerstein's World Systems Theory

A framework that categorizes countries into core, semi-periphery, and periphery based on economic development and power.

Cottage Industry

A pre-industrial system of production where goods were made at home, prior to the establishment of factories.

Steam Engine

An innovation developed by James Watt that revolutionized industry by providing greater power for machinery and shifting production location.

Urbanization

The process whereby populations move from rural areas to cities, often driven by the pursuit of industrial jobs.

Coke

A highly combustible form of coal produced by heating coal in the absence of air, used to increase energy efficiency in industries.

Railroad

A significant transportation development during the Industrial Revolution that allowed for the efficient movement of goods and materials.

Special Economic Zones

Designated areas in countries like China where foreign businesses can operate with fewer regulations and lower taxes, encouraging industrial growth.

Demographic Transition Stage Two

A phase characterized by rapid population growth and declining death rates, often associated with improved food security and sanitation.

Silesia

A region that includes parts of Poland and the Czech Republic, known for its industrial activities and access to the EU markets.

Transcontinental Railroads

Major rail systems that connect different parts of a continent, enhancing trade and industry by allowing easier transportation of goods.

Northeast United States

An industrial region around the Great Lakes and Atlantic Coast, known for significant industrial output and population concentration.

East Asia

A more recent industrial region, with significant growth in countries like China, Japan, and South Korea contributing to global industrial output.

Foreign Direct Investment

Investment made by a company or individual in one country in business interests in another country, crucial for developing economies like China.