Final Exam Winter Flashcards
1
Q
NIC’s
A
- newly industrialized/industrializing countries
- found in east Asia and latin america
- characterized by rapid economic growth, technological advancement
2
Q
LDC’s
A
- less developed countries
- economic growth has been slow
- less than great social services
3
Q
development theory
A
- state led neo marxist appraoch
- underdevelopment was formed from exploitation in international trade
- to combat this theory, must de-link from the global economy
4
Q
modernization theory
A
- assumption that technologies and expertise will help develop countries advance and become like the west
- must abandon traditional ways of thinking of and become more modern, universalistic
5
Q
SAP’s
A
- structural adjustment programs
- restructuring developing countries economies by implementing free market principles
- trade liberalization, cutback on social funding, privatization, export promotion, deregulation
6
Q
Mass Media
A
- fourth estate
- watch dog, advances democracy and limits government power
7
Q
iron rice bowl
A
-during the Mao era, iron rice bowl was the promise of security of healthcare, work, and retirement
8
Q
great leap forward
A
- 1958 during Mao era in which sought to catch up to western industrilization by growing economy 20 years a day
- agriculture comunes
- state owned lands, property, companies
- central planning
- favoured state industry over consumer goods
9
Q
chines unstainable develpment
A
- overproduction
- environment damage
- resource loss
- job uncertainty, unemployment, labour mobility
10
Q
resource curse
A
-too much resources in Nigeria in which undemocratic control occurs buying off stakeholders, and paying for repression of others
11
Q
ISI
A
- import substitution industrialization
- occurs in LDC’s part of the dependency theory in which unplugging from international economy
- creating own indepent economy
12
Q
corruption
A
- impedement to stability in Nigeria,
- oil remains in the grip of gvoernment in which money is laundered and stolen
13
Q
RDP
A
-reconstruciton development program aimed at fixing social issues
14
Q
GEAR
A
- RDP was not effective without economic growth
- growth empolyment and redistrubution SAP
15
Q
Confucius
A
-early ideology of China that emphazis hiearchy, and roles in the economy
