Rostow's Stages
How many stages are there?
There are five stages.
What is an example of a core country
U.S, Germany, Japan, Canada
Who is the creator of the theory that revolves around core, semi-periphery, and periphery countries?
Immanuel Wallerstein
What does GII stand for?
Gender Inequality Index
What is outsourcing?
Obtain goods from an outside or foreign supplier.
Which stage has a significant expanding international trade?
Stage four
In what sector are a majority of workers working in agriculture?
Primary
What does GNP stand for?
Gross National Product
What is the difference between Bulk Gaining and Bulk Reducing
Bulk reducing is when the final product weighs less than the starting raw materials. Bulk gaining is when the final products weigh more than the starting raw materials.
Which stage is highly flexible and experiences many breakthroughs with technology and mass production?
Stage 3
What does GDP mean?
Gross domestic product.
Describe what HDI means
It compares Human Development Levels between countries ranking from low to high development.
If a country follows Rostowś 5 stages, what will occur?
This progression is characterized by increasing industrialization, urbanization, and ultimately, a high standard of living.
Identify the meaning of NAFTA
North American Free Trade Agreement