APHG ch 9

stage 1: Traditional society (subsistence, barter, agriculture)

stage 2: Transitional stage(specialization, surpluses infrastructure)

stage 3: Take off(Industrilisation, growing investment, regional growth, poltical change)

stage 4:drive to maturiy(diversification,innovation,less reliance on imports, investment)

stage 5:high mass consumption (consumer oriented, durable goofs flourish, service sector becomes dominant)

Hong Kong, Taiwon, SINGAPORE, south Korea

• Total value of official recorded goods and services by the citizens and corporations within a country's borders in a given year

• Goods and services= GDP

MicroLoan Program is a program administered by the Small Business Administration. Since 1992, the MicroLoan Program has provided microloans to start-up, newly established, or growing small business endeavors.

central Africa

goes through all stages

control of the global market. Businesses are headquartered here, strong in military and communication

• “Middle income” countries

• aspects of the core and periphery

• Score between 0 and 1

• Lower the score, LESS developed. Higher the score, Higher development

• Combination of the 4 different indicators makes HDI a MORE accurate measure of development than other measures- like IMR alone

• Combines social + economic

• Measures gender gaps in human development achievements by accounting  for disparities between women and men and three basic dimensions of human development:

  • Health

  • Knowledge

  • living standards using the same component indicators as in the HDI

North

building of dams

address issues of low prices paid to producers in LDCs  and eliminate low wages and poor working conditions for workers in LDC

GDP, GNP, GNI, PPP (purchasing power parity)

Scandiva

Primary, Secondary, Teritary, Quantery, Quinary

1. extraction of raw materials and natural resources from the Earth's surface

   1. Examples:  mining, fishing, agriculture, Forestry

1. processing and Manufacturing raw materials into a finished product

   1. examples:  factories and Manufacturing

1. service sector that focuses on moving, selling, and trading products and primary and secondary sectors.

   1. Examples:  retail, marketing, design, restaurants

1. Knowledge-based sector, focusing on research and information creation and transfer

   1. Examples: Investment bankimg, real estate, college professors, education, software developers

1. highest levels of decision making, includes top officials and government and business.  the decision impacts millions

   1. examples: Congress and CEOs

• MDCs- highest per capita consumption of energy

• Demand for use of fossil fuels is increasing in DCs

• Nuclear energy is increasing in MDCs

• Hydroelectric is higher in DCs

(social + economic) life expectancy, life literacy, income literacy

• Hold that LDCs  are highly dependent on foreign factories and technology from  MDCs  to provide employment and infrastructure

• The LDCs  in this Theory gets stuck in the continuous cycle of dependency on the MDCs which never allowed their economies to fully develop

1. The developed  countries of North america, Western europe, and Oceana had been joined by others in Southern and Eastern Europe and Japan

2. many ldcs contain an abundant Supply raw materials sought by manufacturers and producers and MDCs

1. Based on industrialized, capitalist, Democratic countries

2. SCALE  and uneven development

3. Linear progress

4. Globilzation

5. equal potential to develop

6. Sustainability

7. Legacy of colonialism

1. Development

• This approach attempts to develop a country's economy by limiting imports and exports

• goal: to promote all parts of the economy, leading to jobs in development

1. Allows for a country to specialize in relatively few local Industries and trade with the international market for other needs

2. Based on comparative advantage and Regional specialization:

International trade