Rise of Asia Flashcards

Revise for end of topic test (31 cards)

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
MEDC
More economically developed
26
The Poverty Cycle
``` 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
Product Life Cycle
``` Development and research Introduction - Launching - Advertising Growth Maturity - Peak of sales Saturation - challenged by competitors Decline ```
28
GDP
Gross Domestic Product A way to measure an economy Includes everything produced by people and companies Yearly Measure
29
Three ways that GDP is measured
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
MEDC Characteristics
Export profitable products More affordable healthcare Better education opportunities
31
LEDC Characteristics
Export more raw materials Less access to healthcare Limited water and electricity