Industrialization And Development Flashcards
Calorie cunsumption
the total number of calories in a daily diet allocation
Agricultural labor force
A measure of the participating portion of an economy’s labor force
Core-periphery model
A model of the spatial structure of an economic system in which underdeveloped or declining peripheral areas are defined with respect to their dependence on a dominating core region
Cultural convergence
The tendency for cultures to become more alike as they increasingly use technology and organizational structures in the modern world united by improved transportation and communication
Dependency Theory
theory of international relations holding that major states influence other states though their economic power
Development
The process of growth, expansion, or realization of potential, bringing regional resources into full productive use
Energy Consumption
The use of energy as a source of heat or power or as a raw material input to a manufacturing process
Foreign direct investment
An investment abroad, usually where the company being invested in is controlled by the foreign corporation
Gender
In the cultural sense, a reference to socially created – not biologically based – distinctions between femininity and masculinity
Gross domestic product (GNP)
Profits of a country made internally, and outside investments
Gross national product (GNP)
The total value of goods and services (with some adjustments) including income received from abroad, produced by the residents of a country during a specified period (usually a year).
Human Development (Index)
the study of how people develop on physical, intellectual and social levels. It probes the different stages of life to better understand how people work
Levels of Development
The study of how countries develop financially
Measures of Development
the process of achieving an optimum level of health and well-being. It includes physical, biological, mental, emotional, social, educational, economic, and cultural components
Neocolonialism
A disparaging reference to economic and political policies by which major developed countries are seen to retain or extend influence over the economies of less developed countries and peoples
Physical quality of life index
an attempt to measure the quality of life or well-being of a country
Purchasing Power Parity
A monetary measurement which takes account of what money actually buys in each country
Rostow, W. W.
Prominent for his role in the shaping of American policy in Southeast Asia during the 1960s, he was a staunch opponent of communism, and was noted for a belief in the efficacy of capitalism and free enterprise.
“Stages of Growth” model: stage 1
The traditional society
- mostly subsistent agriculture
- activities that don’t help with development such as military and religion
Stages of Growth model: Stage 2
Pre-Conditions for take-off: Initial Investment
-limitied few ivest in tech. and infreastructure, transportation, water supply, dams (irregation)
Stages of Growth: stage 3
Take-Off: Initial Success
- Limited # of industries become succeessful and competitive globally. Generally, textiles and food production.
- Remainder of economy is still traditional.
Stage of Growth: Stage 4
Drive to Maturity: Technology diffuses
- Technology expands to many other businesses=> rapid growth
- Labor becomes more skilled and educated
Stage of Growth: stage 5
Age of Mass Production: Shift to Consumer good production
-Economy shifts from heavy indusrty in steel, energy to consumer goods (i.e. cars, fridges)
Technology Gap
The contrast between the technology available in developed core regions and that present in peripheral areas of underdevelopment