Industrialization and Economic Development Nicole, Noah, Lauran

Types of Jobs Primary- Agriculture Secondary- Manufacturing Tertiary- Services Quaternary- Information Quinary- Executive

Four Asian Dragons  South Korea  Singapore  Taiwan  Hong Kong

Rostow’s Development Model 1.Traditional Society- high percentage of people in agriculture 2.Preconditions for takeoff- new technology and infrastructure 3.Takeoff- Rapid growth in textiles and food products 4.Drive to Maturity- more skilled and specialized workers 5.Age of Mass Consumption- Economy switches from heavy industry to consumer goods

DEFINITIONS Gender Empowerment Measure (GEM)- compares the ability of women and men to participate in economic and political decision making. Gender-Related Development Index (GDI)- Compares the level of development of women with that of both sexes.

Industrial Revolution Began in the United Kingdom in the late 1700s. Began in the United States in the 1800s

Bulk-gaining industry- located near the market (beverages) Bulk-reducing industry- located near the sources of output (steel)

Shipping and costs Truck - short distance delivery with low costs Trains - holds more than trucks and faster delivery Ships - slower than land based but for sea based transportation Air - fastest and safest but most expensive

Definitions  Industrial Revolution- A series of improvements in industrial technology that transformed the process of manufacturing goods.  Cottage Industry- Home-based manufacturing system.  Maquiladora- factories built by U.S. companies in Mexico near the U.S. border.