World Systems Theory
What country is considered a periphery tier country?
Chad, Bolivia, Afghanistan, Philippines, etc
What is the cheapest method of transportation for most goods?
Truck
What is an example of a primary sector activity?
Extracting valuable raw materials, Agriculture, Ranching, etc.
Deindustrialization means?
A decline in Industrial activity in a region or economy.
What is GII?
(Gender Inequality Index) - Measures Gender Inequality
what stage of Rostow's theory of development is, at semi-periphery tier?
stage 3 or stage 4.
What are Terminal Costs?
The cost of unloading and loading a shipment.
What economic sector are Semi-periphery countries?
Secondary.
Outsourcing is when ____.
Companies relocate to periphery tier countries for low labor costs.
What is GDP?
(Gross Domestic Product) - Total value of goods and services done/made in a country a year.
what are one of the traits of a core country?
Higher wealth generation, higher education levels, more technological development, most workers in the service sector
An industry where the finalized product weighs less than the raw material(s) is _____.
Weight-reducing industry.
Which Economic sector do "Special Services" lie in?
Quaternary.
what is a Right-to-Work State?
A state where the workers are not required to join a union.
What is a con of GDP, GNP, and GNI?
Little to nothing on the distribution of wealth, no accurate views on the average persons life, only has formal economic transactions.
what does a Core country gain from a periphery country? (2 answers)
Cheap labor cost and Raw materials.
An industry in which the finalized product gains more space than the raw material(s) is _____.
Bulk-gaining industry.
An example of a tertiary activity of earrings?
Jeweler/piercer
Agglomeration means?
The spacial process of clustering due to commercial enterprises.
The GII measures include ____. (2 answers)
Reproductive Health, indicates of empowerment, or labor market participation.
the dependency explains that:
There will always be poor countries since wealthy countries relies on them and keeps them from developing from the periphery tier.
Would tires be weight/bulk-gaining or weight/bulk losing?
Weight/Bulk-gaining.
Three countries that are in the Quaternary sector?
US, Germany, South Korea, Japan
Deglomeration happens because _____.
Replications of services, High bid rent, or multiple firms in an area.
What kind of measure is used for the HDI?
Composite measure.