Mini Unit 7 Flashcards
Extraction of raw materials and natural resources from earth’s surface:
Primary Economic Sector
Processing and manufacturing raw materials into a finished product:
Secondary Economic Sector
Service sector that focuses on moving, selling, and trading products in primary and secondary sectors:
Tertiary Economic Sector
Knowledge based sector, focusing on research and information creation and transfer:
Quaternary Economic Sector
Highest level of decision making, includes top officials in government and business:
Quinary Economic Sector
MDC:
More Developed Country
LDC:
Less Developed Country
As a county becomes more Developed, the primary sector _________ due to an increase in _________. So, the secondary and tertiary sectors are also going to _______:
Decreases; Industrialization, Increase
In less developed countries, the economy is mostly made up of ______ _______ _______
Primary Economic Activities
Explains the Spatial relationships between countries and explains uneven economic development:
Wallerstein’s World System Theory
What are the Semi-Periphery countries?
Brazil, Russia, India, China, and South Africa
There is a world economic system - one large __________ economy:
Interconnected
Advantages in production for the core countries:
Legacy of Colonialism
How can a country develop when its _______ are _____ by a handful of the prosperous ____ countries?
Resources, Controlled, Industrialized
Competition between core countries for _____ and _____ and ____ strength:
Colonies, Trade, Military
Economically and politically dominant:
Core-Periphery Model
Strong military and allies:
Core-Periphery Model
Highly interconnected transportation and communication infastructure:
Core-Periphery Model
Control of the global market. Businesses are headquartered here:
Core-Periphery Model
Former colonial powers and higher-skill, capital-intensive production:
Core-Periphery Model
“Middle Income” countries:
Semi-Periphery Model
Aspects of the core and periphery:
Semi-Periphery Model
In the process of industrialization:
Semi-Periphery Model
Active in manufacturing and exporting goods and raw materials:
Semi-Periphery Model
Better transportation and communication than the periphery:
Semi-Periphery Model
Often have unstable governments:
Periphery Model