7.3 Theories Amd Measures Of Development

Question 1

World systems theory

Answer 1

Moving through series of socioeconomic systems that cycle through periphery-semi-core

Question 2

Rostiges stages of economic growth

Answer 2

1: traditional society - agriculture
2: transitional stage - specialization
3: take off - industrialization
4: drive to maturity - less reliance on imports
5: High mass consumption - dominant service sector

Question 3

Dependence theory

Answer 3

Peripher is poor because of colonialism

Question 4

Commodity dependence

Answer 4

Commodities account for 60% of the value of a country’s exports

Question 5

GNP

Answer 5

Total value of goods and services made by a countries residents, regaled less of the location which they were made

Question 6

GDP

Answer 6

The total value of all goods and services produced within a country regardless of where they were made

Question 7

GNI

Answer 7

The total Income of a countrys residents including foreign investments

Question 8

GDP per capital

Answer 8

A country’s GDP divided by its population

Question 9

PPP

Answer 9

Purchasing power that measures how much “goods” cost within a country

Question 10

GII

Answer 10

Measures gender inequality with healthy, empowerment, and labor market (maternal mortality rate, adolescent birth rate, education, parliamentary seats, employment)

Question 11

HDI

Answer 11

Life expectancy, education, and GNI per capita (or PPP)

Question 12

Informal sector

Answer 12

Money or business not regulated by the government

Question 13

Formal sector

Answer 13

Money or business regulated by the government

Question 14

Income distribution

Answer 14

How a country’s total GDP is distributed

Question 15

Weakness of Rostov

Answer 15

Assumes all countries are independent not hyperlinked

Question 16

Weakness of the world systems

Answer 16

Disregards local uneven development

Question 17

Weakness of Periphery theory

Answer 17

Cultural and social aspects that create picerty