Wallerstein's world system theory
What is the primary sector?
An economic sector associated with removing or harvesting products from the earth.
What is labor market participation?
Measures the number of women in the workforce compared to the number of men in the workforce.
Traditional Society
An agriculture-based society with intensive labor, low levels of trading and a population that doesn't have a scientific perspective.
Formal Economy
Regulated or monitored by and taxed by the government.
International Division of Labor
The shift of manufacturing and low-skill jobs from core countries to semi-periphery and periphery countries.
What is the Secondary sector?
A sector that produces goods from raw materials, includes manufacturing, processing and construction.
How does education impact a woman's career?
If a woman didn't get an education they are more likely to stay home and raise children.
Pre-Conditions to Take Off
A society that begins to develop manufacturing and a more national & international outlook.
Informal Economy
Not monitored or taxed by the government.
Why do core countries outsource labor?
Other less developed countries have cheaper labor.
What does the tertiary sector do?
Whole sale, retail trade, leisure and hospitality.
What does a high maternal mortality rate show?
It shows that the country has bad health care.
Take Off
A short period of intense growth, industrialization begins. Workers and institution become concentrated around a new industry.
What does gross domestic product mean?
The total value of goods and services that are produced within a country's borders in one year.
Post-Fordism
Changes to our production facilities
What is the quaternary sector?
An economic sector that is a subset of the tertiary sector. Activities that require workers to process & handle information and environmental technology.
What does the Gender Development Index do?
It helps us measure the gender balance in certain areas.
Drive to Maturity
A long period of time, standards of living rises, use of technology increases and the national economy grows & diversifies.
What is the gross national product?
The total value of the production of a country, regardless of where their citizens live in the world.
What do Special Economic Zones do?
They increase trade
What does the quinary sector do?
Education, health care services, and business services.
What happens when there are lots of women in the government?
More rules to create equality
Age of High Mass Consumption
A country's economy flourishes in a capitalist system, characterized by mass production and consumerism.
What is gross national income?
The total income of a country.
Free Trade Zones
An area where goods can be stored, manufactured or handled without paying extra fees.