Exam 4 Flashcards
(31 cards)
Law of Comparative Advantage
a country, individual, or business can produce a good or service at a lower cost than another producer`
Emerging markets account for
75% if total growth in next decade
Economic Development
an increase
in national production that results in an increase in the average per
capita gross domestic product (
Jared Diamond
“Guns, Germs, and Steel” - every country has some advantage
MDC
Scheme More Developed
LDC
Scheme Less Developed
LLDC
Least developed
NIC
Newly Industrialized
Stages of Economic develop (Walt Rostow
Traditional Society
Preconditions for takeoff
Takeoff
Drive to maturity
Age of high mass consumption
Prominent BEMs
Argentina, Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea, and Turkey
Valerie Pieris circle
more people living inside than outside circle - Ken myers -
Yangtze
Third largest river runs opposite of all rivers
China became a republic
1912
China dates back to
2100 BC
Deng Xiaping
took over after MAO
Han chinese
makes up 90% of pop
Most pop city in china
SHANGHAI
Largest damn
Three gorges
Gei Mian Zei
giving face
Hello
Ni Hao
How are you
Ni hao ma
Thank you
Xie xie
Goodbye
Za Jian
You are welcome
Bu ke Qi
