Clark's Sector Model
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Transcript of Clark's Sector Model
Clark Sector Model
Stephanie, Joy, Yusuke, Teru
What is the Clark Sector Model?
Economic theory/hypothesis that provides a description of three type of activities (Primary Sector, Secondary Sector, Tertiary Sector, Quaternary/Quinary Sector) essential to all societies.
Primary ActivitiesResources extracted from the earth; not processed
Secondary ActivitiesProcessed products from primary, both durable and
nondurable goods, and construction
Tertiary ActivitiesProvision of services: teachers, nurses, etc.
Quaternary ActivitiesResearch of science and technology /Levels of
decision making for society/economy
Sectors
Theoretical Clark's Sector Model
Case Study - UKDTM of
UK
CaseStudy - US
• Able to Explain the process of urbanization, industrialization
• Economic development of a nation can be well modelled
• Shows how there is more than one path to development
Strengths
• Assumption that development is linear
• Developed in 1940's and is outdated
• Only takes into account "MEDC"s (that can have different sectors. e.g: some countries have poorer secondary sectors, etc)
• Not valid due to Interdependency - raw materials usage is not equal and Fair amongst nations
• Model doesn't include the international economic context such as imported manufactured goods
Weaknesses
Sources
"Clark Fisher Model." Slideshare. N.p., n.d. Web. 08 Oct. 2012. <http://www.slideshare.net/fozzie/clark-fisher-model>.
"Peak Employment." Peak Employment. N.p., n.d. Web. 08 Oct. 2012. <http://www.streettalklive.com/off-the-street/1028-peak-employment-.html>.
Seehorn, Ashley. "3 Sector Models of Economics." EHow. Demand Media, 04 Feb. 2011. Web. 08 Oct. 2012. <http://www.ehow.com/info_7894453_3-sector-models-economics.html>.
"3 Sector Models of Economics." EHow.co.uk. N.p., n.d. Web. 08 Oct. 2012. <http://www.ehow.co.uk/info_7894453_3-sector-models-economics.html>.