What are Anglo-America, Eastern Europe, Western Europe, Japan and South Pacific
100
Also known as the balanced growth approach
What is Self-Sufficiency?
100
Five-stage model of development
What is Rostow's Development Model?
100
Countries that has progressed further along the development continuum
What are MDCs (More Developed Countries)?
200
The value of a particular product compared to the amount of labor needed to make it.
What is Productivity?
200
This region is considered to be more developed, but has had its HDI decrease and has the lowest HDI.
What is Eastern Europe?
200
According to this a country can develop economically by concentrating scarce resources on expansion of its distinctive local industries.
What is International Trade Model?
200
This stage begins when an elite group initiates innovative economic activities
What is the preconditions for takeoff?
200
Jobs such as mining, fishing, and forestry
What is Primary Sector?
300
This has been widening between more and less developed countries during the past two decades
What is GDP?
300
What are advantages that have led Japan to development?
What is a large labor force?
300
Shows steps to follow International Trade Model development.
What is Rostow's Development Model?
300
Stage where the economy shifts from productivity of heavy industry to consumer goods.
What is the age of mass consumption?
300
United Nation's way of showing the development of a country by viewing certain factors
What is HDI (Human Development Index)?
400
3 types of distinguishing factors for determining development.
What is economic, social, and demographic?
400
DAILY DOUBLE!
This less developed region has an HDI higher than more developed Eastern Europe and a diverse culture.
What is Latin America?
I can haz Double Points?
400
Name 2 of the problems the self-sufficiency approach faces
What is inefficiency and large bureaucracy?
400
The 5 stages of Rostow's development model
What are traditional society, preconditions for takeoff, takeoff, drive to maturity, age of mass comsumption?
400
This social indicator of development has rates of about 95% in developed countries, compared to less than one third in many LCDs.
What are literacy rates?
500
This factor helped the United Kingdom to become a MDC and industrialize early.
What are Raw Materials (coal and iron ore)?
500
The population in this region is low, contains many resources important for economic development, and highest percentage of people living in poverty.
What is Sub-Saharan Africa?
500
Name 3 problems with the International Trade Model
What is uneven resource distribution, market stagnation, and increased dependence on MDCs?
500
To remain competitive, these industries must constantly evaluate changes in international consumer preferences, marketing strategies, production engineering, and design technologies.
What are takeoff industries?
500
Economic policies that create conditions encouraging international trade. These can be unpopular and cause political unrest.