Rise of Asia Flashcards

Revise for end of topic test

1
Q

Development

A

A process that creates additions, growth, progress and positive change

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2
Q

Economy

A

The way in which goods and services are made, sold and used in a country or area

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3
Q

Innovation

A

The introduction of something new such as an idea, process or product

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4
Q

Consumerism

A

The promotion of the customer’s interests

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5
Q

What is the Hallyu Wave?

A

Hallyu is the name given to the increase in global popularity of South Korean culture since the 1990s

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6
Q

How are K-pop idols trained?

A

They train for 5 - 10 years

Intense 5 am to 11 pm days that consist of vocals, chore, school, language and exercise

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7
Q

What is the Kpop Formula?

A

Recruitment
Training
Localisation
Marketing

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8
Q

Why is the Kpop Formula innovative

A

Reverse Engineering - creating these groups/idols with the end product in mind
Made purposeful for consumers to maximise consumerism

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9
Q

What is a fandom

A

A fandom is a group of people who all admire or support a particular entity or group of people in pop culture

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10
Q

How do Fandoms contribute to consumerism

A

Music releases are designed around encouraging the consumers to buy as many innovative CD’s as possible
Encouraging more tourists to visit and go to concerts

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11
Q

What is TOLKEN

A
Title
Origin
Labels
Key
Even
Neat
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12
Q

How are the CD and album marketing innovative?

A

Rather than just selling one kind of album, they sell multiple kinds of the same album, and include tickets or signed photos and other goodies

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13
Q

What is Kpop

A

Kpop is a genre of music originating in South Korea. It is influenced by genres and styles around the world which is why it is so globally popular.

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14
Q

How is Samsung linked to consumerism

A

They are focused on making the customers life easier and maximize the products convienience

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15
Q

What is the circular economy

A

An economic system aimed at eliminating waste and the continual use of resources

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16
Q

What does the circular economy consist of?

A
Make
Use
Reuse
Remake
Recycle
17
Q

How is Sustainability a core value of Samsung?

A

They recycle and reuse their packaging materials, as well as making it easy to disassemble their products so that they can be reused.

18
Q

How can Innovation influence development

A

By coming up with different ways to boost the development of a country
eg India doing Make in India to boost their economic development
Innovative ways of developing India’s exports

19
Q

How are consumers in India changing in relation to their income?

A

The minimum wage is higher

Job opportunities - better lifestyle for Indians

20
Q

What is the cycle of development

A

Consumer
Demand
Innovation
Supply

21
Q

Why is the Bollywood film industry the biggest in India?

A

Consumerism drives the film industry - making over 1000 films per year

22
Q

How does Bollywood help the Indian economy?

A

It contributes $4.5 billion to India’s GDP

23
Q

How does Bollywood impact the world?

A

In Britain, Bollywood songs are heard in restaurants and on radio channels dedicated to Asian music
In Nigeria, Bollywood has been combined with local music to form chutney music

24
Q

LEDC

A

Less economically developed

25
Q

MEDC

A

More economically developed

26
Q

The Poverty Cycle

A
Family in Poverty
Child grows up in poverty
Is disadvantaged in education and skills
Struggles to get a job
Fails to escape the cycle
27
Q

Product Life Cycle

A
Development and research
Introduction - Launching - Advertising
Growth
Maturity - Peak of sales
Saturation - challenged by competitors
Decline
28
Q

GDP

A

Gross Domestic Product
A way to measure an economy
Includes everything produced by people and companies
Yearly Measure

29
Q

Three ways that GDP is measured

A

Expenditure - the value of goods and services bought as well as investing in machinery and buildings
Income - The value of profits and wages generated
Output - The value of the goods and services produced

30
Q

MEDC Characteristics

A

Export profitable products
More affordable healthcare
Better education opportunities

31
Q

LEDC Characteristics

A

Export more raw materials
Less access to healthcare
Limited water and electricity