Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Econom. & Indus. Dev

Chapter 10 Economic & Industry Development

QuestionAnswer
Development the process of improving the material conditions of people through diffusion of knowledge and technology.
What regions are developed? Anglo-America, Eastern Europe, Western Europe, Japan, and South Pacific.
What are the differences between LDCs and MDCs in terms of development? MDCs are highly productive and most jobs tend to be in the teriary sector. Additionally, MDCs have higher HDI scores compared to LDCs. While LDCs tend to have the majority of the population in the first two job sectors.
Where are the LDCs and MDCs located? MDCs are located above the north-south split or brandt line.
What is GDP? Gross Domestic Product is the value of the total output of goods and services produced in a country, normally during a year.
What does GDP NOT measure? GDP does not measure the level of a country's development.
What are the job types? Primary, Secondary, and Teritiary.
What are examples of Primary Job types? Agriculture, Mining, Fishing, and Forestry.
Define Secondary Job types. It includes manufacturing that process, transform, and assemble raw materials into useful products.
Define Teritiary job types and provide examples. It involves the provision of goods and services to people in exchange for payment. Ex.) Retailing, banking, law, education, and government.
What are the trends in MDCs? MDCs have a low percentage in primary and secondary job types. It has a high percentage in the teritiary job type.
What are the trends in LDCs? LDCs tend to have a high percentage of the population in the primary and secondary job types. However, the countries have a low percentage in the teritiary job type.
Subsistence Economy Goods and services created for the use of the kinship group.
Why are workers more productive in MDCs? Workers are more productive in MDCs because they have access to technology that will actually perform the work for them.
What is HDI? Human Development Index
What does HDI measure? It measure the development of countries: social and demographic indicators.
List the Social Indicators Education, Literacy Rates, Health and Welfare.
List the Demographic Indicators Life Expectancy, Infant Mortality Rate, Natural Increase Rate, and Crude Birth Rate.
What is Roslow's Theory? It lists the stages for a country's development.
List the stages of Roslow's Theory. Traditional, Preconditions to Takeoff, Takeoff, Drive to Maturity, and High Mass Consumption.
Which countries are called the "Asian Tigers"? Taiwan, Singapore, South Korea, and Hong Kong.
Define Cultural Convergence. The increasing similarity in technologies and ways of life among societies at the same level of development.
Define Landlessness. Occurs when the rural population is expanding beyond the ability of the land to support new farmers.
Define Technology Transfer The acquisition of technology available in developed regions by their less developed regions, under their ownership and control.
Define Technology Gap A contrast in the range and productivity of artifacts introduced at the core and those employed at the periphery.
Resources affect what patterns of development? Cultivable land, energy sources, and minerals.
Define New International Division of Labor Transnational companies have been very aggressive in using low-cost labor in LDCs.
What are the goals of the New International Division of Labor? Seek elimination of trade barriers (tariffs)No minimum standards in placeLoss of U.S. jobs - "a great sucking sound" after NAFTA?Does anyone speak English?
What are the problems with the international trade? Uneven resource distributionMarket StagnationIncreased dependence on MDCs
Define Foreign Direct Investment Investment made by a foreign company in the economy of another country.
Define transnational corporation. Invests and operates in countries other than the one in which its headquarters are located.
Define Financing Development. Loans and structural adjustment programs, which includes economic goals, strategies for achieving the objectives, and external financing requirements.
Who created the World Systems Theory? Immanuel Wallerstein
What social indicators demonstrate gender inequality? Literacy Rates
Describe the Liberal model All countries are capable of development.Economic disparities are a result of short term inefficiencies in local or regional market forces.
Describe the Structuralist Model Regional Disparities are a strucutural feature of the global economy. Things have come to be organized or structured in a certain way and cannot be changed easily.
Define the Dependency Theory. Political and economical relationships between countries and regions control and limit the economic development of less affluent regions
Why do LDCs face obstacles to development? Self-sufficiency International Trade Financing development.
Describe the Core Periphery Model Core Periphery Semi-Periphery
Define GNI Gross National Income is the total value of goods and services produced in a year, plus net income earned abroad by a country's nationals
What are the effects of unequal distribution of resources? Causes countries to specialize in the goods and services they produce.Interdependence of Nations.Uneven economic development. Energy Produces and Consumers. Imperialism, and conflicts over control of resources.
What are Commercial Economies? Producers or their agents freely market their goods and services, following the law of supply and demand.
What are Planned Economies? Associated with communist socieites, when governments controlled the economies.
Created by: akesar27
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards