UNIT 7 Flashcards
(40 cards)
commodity
raw/basic material
commodity is mostly…..
MDCS
world system theory
the world is interconnected as core, semi-periphery, and periphery
core countries
more developed, capital intensice production
semi periphery
industrializing, manufacturing, most dependent on core countries
periphery
LDCs, outer edge of global trade, primary sector, natural resources and cheap labor
dependency theory
LDCs are locked in a cycle of underdevelopment. political and economical limits the ability for LDCS to modernize because MDCS use them to stay on top.
Rostow theory stage 1
traditional society- agriculture
Rostow theory stage 2
preconditions for takeoff (industrial/ 2nd revolution)- agriculture becomes mechanized. MDCS put money in this economy
Rostow theory stage 3
takeoff- manufacturing, dual economy
Rostow theory stage 4
drive to maturity- industry become diverse
Rostow theory stage 5
mass consumption- tertiary sector, growth of middle class
ecotourism
places that are environmentally sustainable
LDCS need more per capita to develop because….
hard adopting policies, finding funds to pay for development, self sufficiency, international tradeo
fordism
mass production, standardized work routine, unionized
post fordism
workers are flexible and are problem solvers
HDI includes…
social, economic, demographic
GDP
value of output of goods and services produced
GDI
compares how well women do in society
GDP per capita
average individual wealth
GEM
ability for women to participate in achieving improvement
gender empowerment measure
compares women to men (economic/political)
proximity to inputs
putting the plant as close to the input if transporting raw materials is more than transporting to consumers
proximity to markets
putting plant close to customers if transporting raw materials to factory is less than the cost to customers