Rostow and Wallerstein AP Human Geography Industrialization and Economic Development Unit

For today, 02/16 You will be taking notes over the economic theories of Rostow and Wallerstein. This was the topic of an FRQ in 2013.

Theories of Industrialization and Economic Development Walt Whitman Rostow Immanuel Wallerstein Theories of Industrialization and Economic Development

What is the author of this cartoon trying to say? Socrative: Room 262479 What is the author of this cartoon trying to say?

North and South Divide

North Polar Projection Core Areas vs. Periphery Areas On a north polar projection, LDCs appear to be in peripheral (outer lying areas) and the core (middle) is dominated by MDCs.

W.W. Rostow’s Model of Development Development and modernization occurs in steps linearly due to increased levels of investment.

The Traditional Society High percentage of people in agriculture Limited technology Much of country’s wealth allocated to “nonproductive” activities such as military and religion

The Preconditions for Takeoff Elitist groups initiates economic activities Investment in new tech and infrastructure, which will increase productivity

The Takeoff Rapid growth in a few economic activities Revolutionary changes in agriculture and industry

The Drive to Maturity Modern technology diffuses to many industries Skilled and specialized workers

The Age of Mass Consumption Most people are prosperous – have income to consume massive quantities of “crap” and pay for essentials Economy shifts from industry to production of consumer goods

Sector’s of Rostow’s Model

Wallerstein’s World-Systems Theory aka Core-Periphery Model: Main Ideas: 1.) The world economy has one market and a global division of labor 2.) Although the world has multiple states, almost everything takes place within the context of the world economy 3.) The world economy has a three-tier structure World Economy created by the 3 Cs: 1.) Capitalism – people, corporations, and states produce goods and services and exchange them in the world market, with the goal of achieving profit. 2.) Commodification – the process of placing a price on a good and then buying, selling, and trading the good. 3.) Colonialism – brought the world into the world economy, setting up an interdependent global economy.

Wallerstein’s World Systems Theory aka Core-Periphery Model Processes that incorporate higher levels of education, higher salaries, and more tech * Generate more wealth in the world economy Periphery Processes that incorporate lower levels of education, lower salaries, and less tech * Generate less wealth in the world economy Semi-periphery Places where core and periphery processes are both occurring - are exploited by the core but then exploit the periphery * Serves as a buffer between core and periphery THIS MODEL IS BASED ON DEPENDENCY THEORY!

Wallerstein’s Core, Periphery, and Semi-periphery: Identify 3 core states. Identify 3 semi-periphery states. Identify 3 periphery states.