Measures of Development
A country´s achievements on health, education, and standard of living is the HDI.
What does HDI stand for?
Human Development Index
This country, which often relies on other countries for resources, finds itself providing many services to businesses and companies.
(Periphery/Semi-Periphery/Core)
(Primary/Secondary/Tertiary/Quaternary)
Core and Tertiary
Which theory argues that through increased investment, increased exposure to modernized, Western society, and changes in traditional culture and values, societies will become more highly developed?
Rostow's theory of Economic Growth
Taxes imposed by a government on imported goods, which raise the price of these goods in order to protect domestic industries and generate revenue.
Tariff
What is the only planet in our solar system that rotates clockwise on its axis?
Venus
Foreign income - Foreign debts = GNI
What does GNI stand for?
Gross National Income
This country has been experiencing a growth in power on the global scale, as it is admired for its many intellectual activity.
(Periphery/Semi-Periphery/Core)
(Primary/Secondary/Tertiary/Quaternary)
Semi-Periphery and Quaternary
Which theory argues that global inequality is perpetuated by a system where resources flow from "periphery" (poor, exploited) states to a "core" (wealthy) of states
Dependency Theory
Market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.
Neoliberalism
What is the world's hottest Chili Pepper?
Carolina Reaper
The total value of good and services inside a country is the GDP.
What does GDP stand for?
Gross Domestic Product
This country focuses a lot on manufacturing goods and in order for exportation.
(Periphery/Semi-Periphery/Core)
(Primary/Secondary/Tertiary/Quaternary)
Semi-Periphery and Secondary
Which theory argues that the world functions as a single, interconnected socio-economic system, with a hierarchical structure of core, semi-periphery, and periphery countries, where wealth and resources flow from the periphery to the core, leading to unequal development and persistent disparities?
Wallerstein's World Systems Theory
The relocation of business processes or operations from one country to another, often to a country with lower labor costs or more favorable regulations, impacting the international division of labor and global economic patterns.
Offshoring
How many colors are in the rainbow?
Seven
The reproductive health empowerment, labor market production is the GII.
What does GII stand for?
Gender Inequality Index
This country has a large agrarian economy which connects directly to their methods of requiring goods.
(Periphery/Semi-Periphery/Core)
(Primary/Secondary/Tertiary/Quaternary)
Periphery and Primary
Which theory argues that a country's vulnerability to global commodity price shocks, economic instability, and potentially hinders long-term development and economic diversification?
Commodity Dependence
The ability of a country or region to produce a specific good or service at a lower opportunity cost than another, leading to specialization and trade.
Comparative Advantage
What insects never sleep?
Ants
The goods and services made inside and outside of a country is the GNP.
Gross National Product
This country does not focus as much on the production of goods as it does acquire its goods from other countries, though it does focus on exporting goods as well.
(Periphery/Semi-Periphery/Core)
(Primary/Secondary/Tertiary/Quaternary)
Semi-Periphery and Secondary
What is the main criticism of Rostow's Model?
Oversimplification
A company contracting with a third party (often in another country) to perform tasks or provide services that were previously handled internally, often to reduce costs or improve efficiency.
Outsourcing
Who was Riley's imaginary buddy in Inside Out?
Bing Bong!!!