Unit 7 (Ch. 10+11): Industrialization and Economic Development Flashcards
—- —- —- is the value of the output of goods and services produced in a country, and DOES NOT include money that leaves and enters the country
Gross Domestic Product (GDP)
—- —- —- is the value of the output of goods and services produced in a country, and DOES include money that leaves and enters the country
Goss National Income (GNI)
True or False: Japan is a core country
TRUE
True or False: China is a core country
FALSE
creator of the International Trade Model
Rostow
Rostow created the —- —- —-
International Trade Model
in Rostow’s International Trade Model, stage —- of development is a traditional society who hasn’t started developing yet
one
in Rostow’s International Trade Model, stage —- of development happens when an elite group initiates economic activity
two
in Rostow’s International Trade Model, stage —- of development is when a few industries experience rapid growth
three
in Rostow’s International Trade Model, stage —- of development happens when modern technology diffuses to a variety of industries
four
in Rostow’s International Trade Model, stage —- of development seest he production of consumer goods
five
in Rostow’s International Trade Model, stage one of development is —- —-
Traditional Society
in Rostow’s International Trade Model, stage two of development is —- —- —-
Preconditions for Takeoff
in Rostow’s International Trade Model, stage three of development is —-
Takeoff
in Rostow’s International Trade Model, stage four of development is —- —- —-
drive to maturity