Development Continuum Flashcards
1
Q
Definition of development continuum
A
The variation in the economic development of countries.
2
Q
Primary products…
A
Can be moved more cheaply. (Eg. raw material shipping is only a 1/3 of the cost in the 1920s)`
3
Q
Trade barriers…
A
are now fewer which has stimulated more trade. (Dominated by the MEDW - account for 75% of exports.)
4
Q
Regulatory bodies…
A
are dominated by a few wealthy states. Rule changs only come into the agenda when they involve the MEDW.
5
Q
Transfer of technology…
A
into the LEDW has increased their productivity - widens the gap between countries as people in LEDCs are doing more work for the same money
