Post on 03-Jan-2016
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Define it Acronyms LDC or MDCPrimary
Secondary Or Tertiary
Potpourri
Renewable resource
with example
.Water, timber, wind, solar,biomass
Foreign direct investment
When a company/corporation
invests in the economy of a foreign country
----helps finance development
Development
A process of improvement in the material condition of
people through diffusion of technology and knowledge.
Gender
Socially constructed roles of males and
females: masculine/feminine
i
Value-added
The gross value of the product minus the
costs of raw materials and energy.
(much higher in MDC’s)
HDI
Human Development
IndexUsed by the UN, looks at Indicators
within a country to rate its development: GNI-PPP, Literacy Rate, Education, and
Life Expectancy
GDP
Gross DomesticProduct
The Value of the total output of goods and services produced in a country in a given
time period (a year)
$$$$$$$
MMRMaternal
Mortality Ratio
Maternal Mortality Ratio
Total number of deaths in a year among women who give birth per 100,000
births
More developed=lower number
GII
Gender Inequality Index
Compares the level of development of women with that of both males and
females in a country.
Describe Core and Periphery
Model that shows the uneven development across the world
Core countries use countries on the periphery for resources
Most jobs are in the primary sector
LDC
(agriculture, mining, etc)
Located mainly in the Northern Hemisphere
MDC’sMDC’s
(the north-south split)
Higher life expectancy
MDC’sMDC’s
high
GII
LDC’s
Higher attendance of MALES in education.
LDC’s
Computer Programmer
Tertiary
Furniture maker
Secondary
Nurse
Tertiary
Goat-herder(shepherd)
Primary
The Pres.(Mr. Obama)
TERTIARY
Describe Rostow’s 3rd stage
of development
The takeoff
Rapid growth in one are of the economy—which are becoming productive
while most still live traditionally
Name the 4 Asian Dragons
Why are they called that??
Hong Kong South KoreaSingapore
TaiwanWith little to no natural resources, all 4
rapidly developed using the INTERNATIONAL TRADE MODEL
(copying Japan)
Name the organization that promotes
international trade by reducing trade restrictions and enforcing agreements
The World Trade Organization
WTO
Briefly describe what the SELF-
SUFFICIENCY model of development
is.
Aka: balanced growth•Investment spread equally around country
•Barriers on imports/exports•Government involved in many aspects
(farming subsidized, debt forgiven, communications/transportation, etc
Describe SW Asia’s experience with the International Trade Model…
Product of focus= OIL
Moderate success…
Yet wealth is unevenly distributed among their population. Most still in the “take off” phase