Rostow's Stages of Economic Growth
What is stage 2 of Rostow's stages of economic growth called or mainly known for?
Preconditions of Takeoff, New Leadership, Greater Flexibility, Openness, and Diversification.
What is the break of bulk point?
A place where goods are transferred from one mode of transportation to another.
Tertiary/The service industries.
What even is the Wallerstein's World Theory?
It is the theory that says that rich capitalist societies succeed by through the exploration of poorer periphery countries.
What unit is this again?
Industrial and Economic Development
What is stage 4 of Rostow's stages of economic growth called or mainly known for?
Drive to Maturity, Diffusion of Technology, Industrial Specializations, Expanding International Trade, Population Growth Slows.
What is is the Dependency Theory?
It is the theory that declares that poverty is sustained in the core countries, while poverty is sustained in the periphery countries.
What is the primary economic focus of the Quaternary economic sector?
Services that are concerned with info.
Mexico core, semi-periphery, or periphery?
Semi-Periphery
What's the name of each of the 5 stages?
Traditional Society, Preconditions of Takeoff, Takeoff, Drive to Maturity, and High Mass Consumption.
What is Comparative Advantage?
It is the ability of a country, individual, or an organization to produce a good or service at a lower opportunity cost than another country, individual, or organization.
Which economic service is primarily focused on agriculture.
Primary economic sector
What type of country gets the most exploitation?
Periphery
Stage 5
WHAT IS GDP TELL ME KNOW!!!!!
Gross National Product
Name a country that is in the Quaternary economic sector. (NOT THE USA!!!)
Germany, Japan, and South Korea.
Name one core European country.
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom
What stage of Rostow's Stages of Economic Growth is known for having urbanization?
Stage 3
What vocab word is defined as the economic activity that is neither tazed nor monitored by a government and is not included in said governments GNP.
Informal Economy
Does India have a Primary, Secondary, Tertiary, or Quaternary economic sector?
Secondary
Is China a core, semi-periphery, or periphery country?
Semi-Periphery