unit 8 exam Flashcards
(17 cards)
In under developed countries, most people live in _____ rather than ______
rural areas, urban areas
In underdeveloped countries, birth and death rates are _____ and life expectancy is _____
high, low
Economic activities that involve mining, fishing, agricultural, forestry are called?
Primary Sector activities
Economic activities that involve processing and manufacturing materials into a finished product are called:
Secondary economic activities or the secondary sector
Wallerstein’s world systems theory divided the world into 3 regions, list them
core, semi-periphery, periphery
List the 5 countries that are considered ‘semi-periphery’’
Brazil, India, Mexico, South Korea and Indonesia
Describe the Dependency Theory, the ____ send cheap labor & natural resources to the semi periphery and the core
Periphery
What is the brandt line theory?
North-South divide, highlighting the economic disparity between developed and developing nations
define Globalization
Process by which businesses / organizations develop international influence or start operating on a international scale
Free trade
international trade without tariffs, quotas, or other restriction
Protectionism
Practice of shielding a country’s domestic industries from foreign competition by taxing
define tariffs
a tax or duty to be paid on a particular class of imports / exports
In the film, Outsourced, where did American call- center manager Todd’s job get outsourced to?
Mumbai, India
In the film, Outsourced, Todd exits his room one morning and got hit by people throwing color. Why was everyone throwing colored powder everywhere?
To symbolize the triumph of good over evil and the joy of spring
define outsourcing
The process of hiring a party outside a company to perform services or create goods
3 advantages of outsourcing / globalization
cost savings, access to a wider talent pool, ability to focus on core competencies
3 disadvantages of outsourcing/ globalization
loss of control over operations, and quality, potential communication errors, job displacement