Economic Geography Flashcards
what does primary have to deal with
Hunting and gathering
Commercial farming
Subsistence farming
Mining
What does secondary have to deal with
Manufacturing
What does tertiary have to deal with
Services
What does quaternary have to deal with
Management
What does Quinary have to deal with
Research and development
What is most often used to determine MDC’s from LDCs
Per capita GDP and income
What does HDI take into consideration
It takes into consideration the qualities and different aspects of life
What two historical events does the dependency theory hold responsible for the disparity between rich and poor countries today
The industrial revolution and settler colonization
What are value-added products
This is where products are worth more than the raw materials they’re made from
Why are LDCs still unable to become more developed despite having been independent for several decades
Neocolonialism
Those that disagree with the dependency theory see what three major factors playing the major role for a countries development or lack there of
Advantageous and disadvantageous location
Resource wealth or poverty
Cultural and historical factors
What does the IMF (world bank) do
This is where LDCs get cash to fund infrastructure projects
What are settler colonies
Europeans sought to create new europes
What problem does the IMF cause
Borrowing nations are unable to pay even the interest in these loans. They spend as much as 40% of annual revenues in interest payments to the lenders, more than they spend on education and health
What do most LDCs economies depend heavily on for income
He’s independent countries continue to produce the goods for which markets already existed. This is bad because when former colonies try to break their dependency by becoming exporters of manufactured goods the MDC is imposed trade barriers and quotas to block that development
What is consumer price index
It measures how much prices are increasing and decreasing
What is GDP
It measures economic activity
It is the value of all final goods and services produced within a country’s borders in a given year
What is GNI
Same thing as GDP just includes income earned overseas
What is per capita
GDP/population
What is PPP
Apply standard international dollar price weights to final goods and services
Why do some economists criticize GDP
They feel it does not accurately reflect a country’s true wealth
It eliminates people who don’t work or only make minimum wage
Where did gross national happiness come from
Bhutan
What are the two leading theories for why humans made the change to domestication (1)
- Climate change- increased drought and reduced plant cover. This may have forced plants and animals into a smaller area
What are the two leading theories for why humans made the change to domestication (2)
- Their own growing population in areas originally rich in wild foods compelled people to find new food sources
What innovation allowed farmers to plant crops year round
Irrigation
How did the agricultural revolution the development of civilization
The step increase in food production freedom more people from the actual work of producing food and then he undertook a wide range of activities. Irrigation in the dependable food supplies are provided pave the way for civilization
What were the eight cultural hearths that had emerged by 2500 BC
Mesopotamia China Southeast Asia Indus River Valley West Africa Egypt Andes Mesoamerica
What three factors were necessary for the beginning of the Industrial Revolution
Western Europe of the economic capital necessary for the experimentation Innovacion and rest
New tools such as a heavy flow like to increased crop yields
Much of the growing European population was freed from forming because of agricultural innovation
What energy innovations made the industrials revolution possible
The steam engine tapped the vast energy of fossil fuels. This allowed earths carrying capacity for humankind to be raised again
How did the Industrial revolution lead the Age of Discovery into colonization.
Europeans started to look for more materials abroad when they began to deplete their local supplies of resources.
What are the levels of economic activity?
Primary Secondary Tertiary Quaternary Quinary
