Human Geo Ch 10 Flashcards
(112 cards)
what is a commodity chain
a series of links connecting the many places of production and distribution, resulting in a commodity that is then exchanged on the market
do all places on a commodity chain benefit equally from production of a good
no
what things are associated with the segment of global commodity chains located in the core
sophisticated technology, high skill levels, extensive research and development, and high salaries
what things are associated with the segment of global commodity chains located in the periphery
low technology, less education, little research and development, and lower wages
what does wealth depend on
what is produced, but also how and where it is produced
what does it mean to say a country is developing
progress is being made in technology, production, and socioeconomic well-being
what are the three major areas measured when measuring development
development in economic welfare, development in tech and production, and development in social welfare
what is the gross national product (GNP)
a measure of the total value of the officially recorded goods and services produced by the citizens and corporations of a country in a given year; includes things produced inside and outside of the country’s territory
what is gross domestic product (GDP)
measure of the total value of the officially recorded goods and services produced within a country within a given year
what is gross national income (GNI)
calculates the monetary worth of what is produced within a country plus income received from investments outside the country minus income payments to other countries around the world
what is the most common way to standardize data in order to compare GNI across countries
divide it by the population of the country; this yields per capita GDI
in what was in the GNI limited
only includes transactions in the formal economy, masks extremes in the distribution of wealth within a country, measures only outputs and doesnt take into account the non-monetary costs or production
what is the formal economy
the legal economy that governments tax and monitor
what is the informal economy
the uncounted or illegal economy that governments do not tax or keep track of, including everything from a garden plot in their back yard to the black market to the illegal drug trade
what level of economic development is signaled by a high percentage of laborers engaged in the production of food
a low overall level of economic development
what level of economic development is signaled by a high percentage of workers involved in tech industries and services
a high overall level of economic development
what does a more productive workforce point to
a higher level of mechanization in production
what is the dependence ratio
a measure of the number of dependents, young and old, that each 100 employed people must support
what can a higher dependency ratio result in
significant economic and social strain
what are some of the problems with the discussion of ways of measuring development
- the word developing suggests that all counties are improving their place in each of the indicators
- the development model does not take geographical differences very seriously
- has a western bias
- does not consider the ability of some countries to influence what happens in other countries, or the different positions countries occupy in the world economy
what are Rostow’s 5 stages of economic development
- Traditional
- Preconditions of takeoff
- Takeoff
- Drive to maturity
- High-mass consumption
what are the characteristics of a country in the traditional stage
subsistence farming
rigid social structure
technology is slow to change
what are the characteristics of a country in the preconditions of takeoff stage
new leadership moves the country towards greater flexibility, openness, and diversification
what are the characteristics of a country in the takeoff stage
industrial revolution
sustained growth takes hold
urbanization increases, industrialization proceeds, technological and mass-production breakthroughs occur