Industrialization Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

According to Cypher and Dietz, what does industrialization require?

A

new technological processes, more skilled and productive labour force and the expansion of physical capital investment at the enterprise level and in the economy as a whole (including social infrastructure)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which sector shrinks with economic growth?

A

Agricultural and primary sectors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the relationship between the share of the labour force in agriculture and the level of per capita income?

A

The higher the level of development, the smaller the share of the labour force engaged in agriculture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is Lewis’ argument about the structural evolution that shifts labour from agriculture to industry?

A

If there is a surplus in agriculture, the it is possible for a more productive and higher-wage industrial sector to attract labour from the countryside without a decrease in agricultural prodection

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is import substitution industrialization (ISI)?

A

The establishment of firms within the local economy which can produce for local consumption some or all of the manufactured goods currently being imported

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Which commodities are likely to be produced when initiating ISI?

A

Non-durable customer goods e.g. clothing beverages and furniture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the first stage of ISI, when the focus is on producing for the domestic market simple consumer non-durable goods called?

A

easy, primary or horizontal ISI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the benefits of the easy ISI stage?

A

Increasing employment opportunities, especially for those that shifted from agriculture to industry, by the pull of higher wages in ISI sector and push of more intensive, labour-saving methods in agriculture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How can you measure the success of the easy ISI stage?

A

Successful ISI shifts a country’s production possibilities frontier (PPF) outward both along the agricultural axis and along the manufactured goods axis

How well did you know this?
1
Not at all
2
3
4
5
Perfectly