Unit 7: Industrial and Economic Development

Question 1

What is the acronym for development?

Answer 1

H - Healthcare
I - Infrastructure
E- Education (especially for women)

Question 2

What was the Industrial Revolution?

Answer 2

A period of rapid transformation of the economy through the introduction of machines, new power sources, and more. Took place from 1760-1830 in Europe and the US

Question 3

Why did the Industrial Revolution begin in Great Britain?

Answer 3

advancements in agriculture lead to increased food production, expanding labor force, climate, movement from rural and urban

Question 4

What economic sector focuses on extracting natural resources (like agriculture)

Answer 4

Primary Sector

Question 5

What economic sector is most abundant in core countries?

Answer 5

Tertiary Sector

Question 6

Scientific research and development fall apart of what economic sector?

Answer 6

Quaternary Sector

Question 7

What are the factors that influence manufacturing location?

Answer 7

Energy, materials, labor, markets, and transportation

Question 8

What is Weber’s least cost theory?

Answer 8

the industry is located where it can minimize its cost so it can therefore maximize its profits

Question 9

Rostow’s Stages of Economic Growth suggests what?

Answer 9

that all countries will eventually progress through all five development stages

Question 10

What are the limitations of Rostow’s theory?

Answer 10

Rostow assumed that all countries want modernization as defined in the model, and pass through the stages in order.

Question 11

What is Wallerstein’s World System theory?

Answer 11

Core regions make decisions for the world, semi-periphery make decisions for themselves and the areas around them, periphery areas are dominated by core and semi-periphery, have little influence

Question 12

How is GII measured? What factors?

Answer 12

H- health ( female reproductive health index)
E- empowerment ( education and representation in government)
L- labor market ( employment)

Question 13

What are some barriers to development?

Answer 13

foreign debt, political corruption, or instability, disease, low social welfare, and cultural resistance

Question 14

What do the core and periphery depend on each other for?

Answer 14

The core depends on the periphery on cheap labor and raw materials.
The periphery depends on the core for consumption of goods.

Question 15

What are SEZs?

Answer 15

special economic zones; a specific area within a country where business and trade laws are different from the rest of the country. This is to attract foreign and domestic businesses and investment

Question 16

What are EPZs?

Answer 16

export processing zone; an area in which goods may be landed/imported, handled, manufactures reconfigured, and reexported without the intervention of customs authorities.

Question 17

What are FTZs?

Answer 17

free trade zones; specially designed duty-free areas that provide warehousing, storage, and distributed facilities for goods and services intended for trade or reexport

Question 18

What are the four “Rs” of sustainable development?

Answer 18

Reduce, Reuse, Recycle, and Rethink

Question 19

What is ecotourism and its limitations?

Answer 19

Tourism based in natural environments. Some limitation is that a large portion of the profits goes to big corporations.