Rise of Asia Flashcards
Revise for end of topic test
Development
A process that creates additions, growth, progress and positive change
Economy
The way in which goods and services are made, sold and used in a country or area
Innovation
The introduction of something new such as an idea, process or product
Consumerism
The promotion of the customer’s interests
What is the Hallyu Wave?
Hallyu is the name given to the increase in global popularity of South Korean culture since the 1990s
How are K-pop idols trained?
They train for 5 - 10 years
Intense 5 am to 11 pm days that consist of vocals, chore, school, language and exercise
What is the Kpop Formula?
Recruitment
Training
Localisation
Marketing
Why is the Kpop Formula innovative
Reverse Engineering - creating these groups/idols with the end product in mind
Made purposeful for consumers to maximise consumerism
What is a fandom
A fandom is a group of people who all admire or support a particular entity or group of people in pop culture
How do Fandoms contribute to consumerism
Music releases are designed around encouraging the consumers to buy as many innovative CD’s as possible
Encouraging more tourists to visit and go to concerts
What is TOLKEN
Title Origin Labels Key Even Neat
How are the CD and album marketing innovative?
Rather than just selling one kind of album, they sell multiple kinds of the same album, and include tickets or signed photos and other goodies
What is Kpop
Kpop is a genre of music originating in South Korea. It is influenced by genres and styles around the world which is why it is so globally popular.
How is Samsung linked to consumerism
They are focused on making the customers life easier and maximize the products convienience
What is the circular economy
An economic system aimed at eliminating waste and the continual use of resources
What does the circular economy consist of?
Make Use Reuse Remake Recycle
How is Sustainability a core value of Samsung?
They recycle and reuse their packaging materials, as well as making it easy to disassemble their products so that they can be reused.
How can Innovation influence development
By coming up with different ways to boost the development of a country
eg India doing Make in India to boost their economic development
Innovative ways of developing India’s exports
How are consumers in India changing in relation to their income?
The minimum wage is higher
Job opportunities - better lifestyle for Indians
What is the cycle of development
Consumer
Demand
Innovation
Supply
Why is the Bollywood film industry the biggest in India?
Consumerism drives the film industry - making over 1000 films per year
How does Bollywood help the Indian economy?
It contributes $4.5 billion to India’s GDP
How does Bollywood impact the world?
In Britain, Bollywood songs are heard in restaurants and on radio channels dedicated to Asian music
In Nigeria, Bollywood has been combined with local music to form chutney music
LEDC
Less economically developed
MEDC
More economically developed
The Poverty Cycle
Family in Poverty Child grows up in poverty Is disadvantaged in education and skills Struggles to get a job Fails to escape the cycle
Product Life Cycle
Development and research Introduction - Launching - Advertising Growth Maturity - Peak of sales Saturation - challenged by competitors Decline
GDP
Gross Domestic Product
A way to measure an economy
Includes everything produced by people and companies
Yearly Measure
Three ways that GDP is measured
Expenditure - the value of goods and services bought as well as investing in machinery and buildings
Income - The value of profits and wages generated
Output - The value of the goods and services produced
MEDC Characteristics
Export profitable products
More affordable healthcare
Better education opportunities
LEDC Characteristics
Export more raw materials
Less access to healthcare
Limited water and electricity
