Vocab
What is Outsourcing?
The use of other countries to benefit your own country, by taking advantages of low labor costs, and services to improve the countries efficiency.
What stage of the Rostow theory allows for technological advancements and urbanization?
Stage 3
Which stage of the Demographic Transition Model has the highest birth and death rates?
Stage 1
What does SEZ stand for?
Special Economic Zones
What is the Wallerstein theory?
The categorization of countries into core, semi-periphery, and periphery based on their development.
How do economies of scale affect a business?
As a country grows it's production making more profit, it is available to more machinery usage, meaning less manual work, increasing efficiency
What countries are in Rostow stage 5?
United States, Germany, Japan, etc.