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Published byFelicia Scarlett Fields Modified over 5 years ago
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Define it Acronyms LDC or MDC Primary Secondary Or Tertiary Potpourri 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500
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Renewable resource with example
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Water, timber, wind, solar,biomass
.
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Foreign direct investment
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When a company/corporation invests in the economy of a foreign country
----helps finance development
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Development
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A process of improvement in the material condition of people through diffusion of technology and knowledge.
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Gender
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Socially constructed roles of males and females: masculine/feminine
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Value-added
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The gross value of the product minus the costs of raw materials and energy. (much higher in MDC’s)
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HDI
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Human Development Index
Used by the UN, looks at Indicators within a country to rate its development: GNI-PPP, Literacy Rate, Education, and Life Expectancy
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GDP
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Gross Domestic Product
The Value of the total output of goods and services produced in a country in a given time period (a year) $$$$$$$
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MMR Maternal Mortality Ratio
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Maternal Mortality Ratio
Total number of deaths in a year among women who give birth per 100,000 births More developed=lower number
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GII
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Gender Inequality Index
Compares the level of development of women with that of both males and females in a country.
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Describe Core and Periphery
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Model that shows the uneven development across the world
Core countries use countries on the periphery for resources
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Most jobs are in the primary sector
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(agriculture, mining, etc)
LDC (agriculture, mining, etc)
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Located mainly in the Northern Hemisphere
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(the north-south split)
MDC’s (the north-south split)
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Higher life expectancy
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MDC’s
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high GII
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LDC’s
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Higher attendance of MALES in education.
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LDC’s
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Computer Programmer
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Tertiary
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Furniture maker
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Secondary
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Nurse
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Tertiary
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Goat-herder (shepherd)
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Primary
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The Pres. (Mr. Obama)
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TERTIARY
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Describe Rostow’s 3rd stage of development
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The takeoff Rapid growth in one are of the economy—which are becoming productive while most still live traditionally
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Why are they called that??
Name the 4 Asian Dragons Why are they called that??
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Hong Kong South Korea Singapore Taiwan
With little to no natural resources, all 4 rapidly developed using the INTERNATIONAL TRADE MODEL (copying Japan)
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Name the organization that promotes international trade by reducing trade restrictions and enforcing agreements
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The World Trade Organization
WTO
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Briefly describe what the SELF-SUFFICIENCY model of development is.
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Investment spread equally around country Barriers on imports/exports
Aka: balanced growth Investment spread equally around country Barriers on imports/exports Government involved in many aspects (farming subsidized, debt forgiven, communications/transportation, etc
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Describe SW Asia’s experience with the International Trade Model…
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Product of focus= OIL Moderate success… Yet wealth is unevenly distributed among their population. Most still in the “take off” phase
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