Vocab
What is it called when a country goes from farming basic goods to using factories and machinery to produce these goods easier and quicker?
Industrialization
What is the theory based off of the idea that LDC's depend on MDc's to the point that LDC's cant develop.
Dependency Theory
What does GII stand for?
Gender Inequality Index
What are the 3 known stages of the Waller steins world theory?
Core, Semi-Periphery, and Periphery
What is absolute location
The location based off of coordinates on latitude and longitude.
What is it called when a country turns to a third party to help produce goods for cheaper and quicker.
Outsourcing
What economic sector is used when you are doing research to improve the quality of goods?
Quaternary
What is the definition of GNI (gross national income)
The total amount of income generated by an areas residence and business within a certain amount of time (usually a year).
If a country is in stage 3 of the DTM, what stage of Rostows does that follow?
Rostows Stage 3 - Takeoff
What is carrying capacity?
Max population size that an environment can sustain on its own.
Where are microloans most likely to be seen or used?
Less Developed Countries (Bangledesh, India, Alfghanistan)
What stage of Rostows Theory is precautions of takeoff?
Rostows Stage 2
What is a SEZ ?(special economic zone)
An area that business and trade laws are different from the rest of the country.
What characteristics follow Rostows Stage 1?
Traditional Society - subsistence farming, rigid, slow to change,traditional Society
What type of diffusion is making coffee. (smell)
Contagious diffusion
What is agglomeration?
The clustering of different economic industries and economic activities to increase efficiency.
What Theory is based on manufacturing and transporting goods for the cheapest and quickest service?
Webers Least Cost Theory
What if a FTZ (Free trade zone)
Areas that have decided to lower or eliminate trade barriers within an area.
What are the 5 titles of each Rostow Stage?
Traditional society, preconditions for takeoff, takeoff, drive to maturity, high mass consumption.
What is devolution?
Transfer of power from central government to regional governments.
What are examples of ecotourism?
Birdwatching, Nature Walks, Hiking, Camping, Safaris, Surfing, Walk in State Parks.
United States, Brazil, Peru follow the idea of what theory with 3 different categories revolving around power, social scale, and technology?
Wallersteins World Systems Theory
What is the total value of goods processed and serviced in a country within a year?
GDP (Gross Domestic Product)
What stage of Wallersteins World Theorys does Brazil follow?
Semi-periphery Country
What revolutions came after the industrial revolution?
Green revolution, medical revolution