Development and Models
What does HDI measure?
Life expectancy, education, and income (GNI).
What is a bulk-gaining industry?
Final product weighs more—locates near market (e.g., soda bottling).
What defines Rostow’s “Take-off” stage?
Rapid industrial growth and investment.
Example of quaternary sector job?
Data analyst, researcher.
What is the Brandt Line?
Division between Global North and South.
Define agglomeration economies.
Firms cluster for shared services (e.g., Silicon Valley).
Wallerstein’s 3 categories?
Core, Semi-Periphery, Periphery.
Why do industries locate in EPZs?
Cheap labor, tax breaks, port access.
What does Dependency Theory argue?
Poor countries are kept poor by core countries.
What is a footloose industry?
Not tied to resources or market (e.g., call center).