Rostow Stages
In which stage is the Industrial Revolution?
Stage Three
What is industrialization?
When a society shifts from subsistence living into mass production and starts technological advancements.
What kind of country is the United States?
A core country.
What does GNI stand for?
Gross National Income
Define EU/NAFTA.
EU- European Union
NAFTA- North American Free Trade Agreement
What happens to the population in the Drive to Maturity stage?
The population growth slows.
Define ecotourism.
A form of sustainable tourism that focuses on the enjoyment of natural areas prioritizing conservation of the environment.
What is an informal economy?
Economic activities not monitored by the government often operating outside formal labor laws and protections.
What does HDI (human development index) mean?
An index used to measure/rank countries based on their achievements in health, education, and their standard of living.
What economic sector is the United States?
Trick question! It's a mixed economy with different levels of development. Gotcha!
What does rigid social structure mean in Stage One?
Essentially, it means that women stay home to take care of children and men go out to work to make money.
Define break-of-bulk point.
A place where large shipments are divided into smaller ones for transport.
Renewable energy has a positive impact as it creates jobs and reduces a country's reliance on fossil fuels possibly lowering energy costs.
What is the GDP of the United States?
27.72 trillion ppp
Explain Weber's Least Cost Theory.
This theory explains how businesses may locate somewhere in order to minimize costs.
In what stage is a country considered a core country?
Stage Four/Five
How does outsourcing benefit a country?
By boosting economic growth through increased investment, ultimately creating jobs and improving the standard of living.
How do high fertility rates affect a country's economy?
High fertility rates may lead to a slower economic growth and strained resources and increases dependency ratio.
What categories are taken into account when GII scores are being measured?
Access to reproductive health, empowwerment, and roles in the labor market.
What are the benefits of agglomeration?
- Lower costs
- Access to working/labor
- Knowledge sharing and innovation
How do Wallerstein's theory and Rostow's theory contrast?
They contrast as Rostow focuses on nation-states while Wallerstein emphasizes global connectivity.
What are criticisms of Neoliberal policies?
-Economic instability
-Weakening public services
-Erosion of democracy
What is a woman's role economically in a semi-periphery country?
How do GNI and GNP connect?
They are always the same value in numbers due to being essentially the same concept as they each measure a country's total income.
Name three countries that have gone through deindustrialiazation.
- United States
- United Kingdom
- France
- Germany
- Japan
- Canada