7.5 - 7.8
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| rostow's stages of economic growth model | show 🗑
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| rostow's model stage 1 | show 🗑
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| show | preconditions for take-off - improved infrastructure and farming technique, exports agriculture and raw materials, more technology
ex - nigeria today, afghanistan today, early 19th century US
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| rostow's model stage 3 | show 🗑
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| show | drive to maturity - new industries created, improvements to energy, transportation and communication, more economic growth than population growth, investment in social infrastructure
ex - late-19th century US, early-20th century germany, brazil today
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| show | high mass consumption - nonessential good demand, desire to have a more egalitarian society, supports a strong tertiary sector
ex - US today, japan today
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| show | limited examples, role of exploitation, bias towards progress, lack of variation, lack of sustainability, need for poorer countries, narrow focus
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| show | an alternative model to rostow's model that is a dependency model
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| show | a model that shows that countries don't exist in isolation but are part of an intertwined world system in which all countries are dependent on each other
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| wallerstein's theory for core countries | show 🗑
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| wallerstein's theory for semi-periphery countries | show 🗑
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| show | includes the least-developed countries. maintains low-skill, labor-intensive jobs, provides core/semiperiphery with inexpensive raw materials and labor, receives jobs but low wages
ex - afghanistan, zimbabwe, bolivia, kenya, laos
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| show | little emphasis on culture, emphasis on industry, lack of explanation, limited roles
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| show | raw materials that haven't undergone any processing
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| show | when a country has an export percent of over 60% raw materials
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| show | when one party desires a good/service that it doesn't have/can't produce and another party has the desired good/service that it is willing to part with for compensation
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| show | a system of exchange in which no money changes hands
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| comparative advantage | show 🗑
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| complementarity | show 🗑
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| show | policies/laws that reduce barriers to trade
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| show | a set of reforms that reduce government regulations and taxations
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| show | trade barriers, increased tariffs, reducing purchases, health problems
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| show | groups of countries that agree to a common set of trade rules
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| show | southern common market, which includes several SA countries
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| show | a global trading bloc organization, created in 1995 to monitor international trade
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| impacts of economic interdependence | show 🗑
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| show | an international financial institution (IFI) created to aid countries caught in need of financial assistance
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| outsourcing | show 🗑
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| offshoring | show 🗑
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| new international division of labor | show 🗑
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| new international division of labor for core countries | show 🗑
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| new international division of labor for semi periphery countries | show 🗑
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| new international division of labor for periphery countries | show 🗑
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| show | activities that create new wealth for a region
ex - manufactured goods, commercial farm products
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| show | activities that don't generate new wealth for a region, allowing for a recirculation of the existing money
ex - a grocery store
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| show | businesses that operate in multiple countries
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| export-processing zones (EPZs) | show 🗑
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| show | the EPZs of mexico
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| post-industrial economy | show 🗑
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| assembly line | show 🗑
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| fordism | show 🗑
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| substitution principle | show 🗑
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| show | the industrial adaptation using the fordism system
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| show | mechanization saves a company money long term by allowing increased output with increased efficiency
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| just-in-time delivery | show 🗑
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| show | when the location decision for one factory is dependent upon the location of other related factories
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| technopole | show 🗑
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| growth poles (growth centers) | show 🗑
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| show | positive economy outcomes beyond the growth poles
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| backwash effects | show 🗑
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| show | a cluster of office buildings that take advantage of agglomeration economies
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| show | using the earth's resource without doing permanent
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| sustainable development | show 🗑
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| show | impact on the environment
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| show | natural events (volcanos, etc) dust storms, burning wood, coal or oil, water pollution from waste from industries or from farm chemicals
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| show | large impacts on plants, animals, and humans, which increases health care costs
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| show | forcing every company to reduce emissions
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| show | caused by human actions, increased amount of wildfires, hurricanes, floods, and droughts with widespread consequences in the future such as diseases, rising ocean levels, melting glaciers, increased refugee crises
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| ecotourism | show 🗑
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| sustainable development goals (SDGs) | show 🗑
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