Measuring Wealth
The total market value of all final goods/services produced within a country's borders in a year.
What is GDP
duced within a country's borders in a year.The number of stages in Rostow's Stages of Economic Growth model.
This World Systems Theory type describes countries that are least developed and often exploited.
What is Periphery
A factory in Mexico, usually near the U.S. border, that assembles goods for export.
What is Maquiladora
The portion of the economy not monitored or taxed by the government.
What is the informal sector?
This measure would count the earnings of a U.S. citizen working in a factory in South Korea.
What is GNI
This social indicator (score 0–1) combines life expectancy, education, and GNI per capita.
What is the HUman Development Index
In Wallerstein’s theory, these countries dominate the global economy and "buy" raw materials.
What are Core Countries
A major criticism of this trade agreement (replaced by USMCA) was the loss of manufacturing jobs.
What is NAFTA
This term describes the rapid, poorly planned spread of cities into nearby rural areas.
What is Urban Sprawl?
This social measure (like TFR or infant mortality) usually falls as a country’s wealth rises.
What is Total Fertility Rate
This stage of Rostow’s model is marked by rapid growth in the secondary sector (manufacturing)
What is Take off
This theory explains the relationship between "Core" and "Periphery" countries.
What is Wallerstein’s World Systems Theory
When a country relies almost entirely on the export of one or two raw materials (e.g., oil or copper).
What is Commodity Dependence?
Why might a country like Qatar have a high GNI but a lower HDI rank than others?
What is unequal distribution of wealth and social inequality?
According to the HDI scoring system, this specific number represents the "perfect" or highest score
What is 1
Rostow’s stage where a country shifts from subsistence farming to improving infrastructure
What are Pre-conditions for Take-off
These countries (like Mexico or India) have features of both the core and the periphery.
What is Semi Periphery?
These specific areas offer tax incentives and lower regulations to attract foreign companies.
What are Proximity to major markets
If Norway has an HDI of 0.954, name one thing you can assume about its population's health or education.
What is High literacy/High life expectancy?
This term describes when profits from a trade zone are sent back to the "Core" country instead of staying local.
What is Economic Repatriation?
The final stage of Rostow’s model, characterized by high levels of consumption and service jobs.
What is age of high mass consumption?
According to the source, 70% of workers in many EPZs are of this demographic group.
What are women
One reason trade zones are often located in Semi-Periphery countries (besides low labor costs).
What is bypassing labor laws/restricted unions
A major "labor concern" critics have regarding Export-Processing Zones (EPZs).
What are Long hours/poor safety.