The Industrial Revolution
The Industrial Revolution is traditionally said to have begun in this country in the late 18th century.
What is England?
This sector of the economy includes activities that deal directly with natural raw materials such as farming, mining, and logging.
What is the Primary Sector?
Used to measure how well each individual in a certain area is doing, this term means "per person."
What is "Per Capita?"
This theory states that all countries develop along the same path, outlined with specific steps.
What are Rostow's Stages of Growth?
This term is used when a company moves some of its jobs outside its country of origin, usually to take advantage of lower labor costs.
What is Outsourcing?
This traditional means of manufacturing was destroyed by the Industrial Revolution.
What is the cottage industry?
As a country develops, its service economy increases. This sector of the economy includes service-related industries.
What is the Tertiary Sector?
This term is a calculation of the total value of officially recorded goods and services produced in a country in a given year.
What is Gross Domestic Product (GDP)?
This theory states that countries do not develop in a vacuum, and links development with outside exploitation by more developed countries at the expense of less developed ones.
What is Wallerstein's World Systems Theory/Core-Periphery Theory?
This type of tourism is based on natural, not man-made, environments and helps protect that environment while providing jobs for local people.
What is Ecotourism?
When industrialized countries sought raw materials outside their own borders, they often established these overseas.
What are colonies?
This term describes the tendency of businesses in the same industry to cluster together in the same geographic area.
What is agglomeration?
Average per capita income is higher in More Developed Countries (MDCs) because more people work in this sector of the economy.
What is the Tertiary/Service Sector?
This theory states that periphery countries are purposely kept from developing by core countries who exploit them for cheap labor and raw materials.
What is Dependency Theory?
This term describes the system of production that relies on automation through the use of robots and computer systens and is centered on low-volume manufacturing and flexible systems that allow for quick responses to changes in the market.
What is post-Fordism?
The industrial revolution occurred where it did largely because of availability of which natural resources (name 3)
What is coal, iron ore, and water.
This sector of the economy requires workers to process and handle information and environmental technology.
What is the quaternary sector?
Made up of a combination of factors, this measures the degree of women's equality within a population.
What is the Gender Inequality Index?
This is the term for the belief that open markets, free trade, and minimal government regulation will lead to economic prosperity for everyone.
What is Neoliberalism?
Measuring both economic and social welfare development, these seek to limit, and ultimately eliminate, extreme poverty worldwide.
What are the UN Sustainable Development Goals?
One of two major inventions of the early Industrial Revolution.
What is the Spinning Jenny?
OR
What is the Steam Engine?
This economic theory states that manufacturing plants will locate where costs are the least.
What is Weber's Least Cost Theory?
Human Development Index (HDI) incorporates which three dimensions of human development?
- Life expectancy at birth
- mean years of schooling (access to education)
- GNI
This term describes when more than 60% of a country's exports are made up of raw materials.
What is Commodity Dependence?
This is an area of a country where the business and trade laws differ from rest of the country.
What is a Special Economic Zone?