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KNOW
Active solar energy systems
agglomeration economies
basic (non-basic industries)
biomass fuel
Brandt Line
Breeder reactor
comparative advantage
Dependency Theory
Demand
development
developing country
economic indicators
economic development
fair trade
foreign direct investment
fossil fuel
fracking
Gender inequality index
Geothermal energy
Gross domestic product (GDP)
Gross National Income (GNI)
Housing bubble
HDI
Hydroelectric power
Inequality-adjusted HDI (IHDI)
import substitution
LDC
literacy rate
market-orientation
MDC
Microfinance
Millennium development Goals
neo-colonialism
non-renewable energy
passive solar energy systems
photovoltaic cell
potential reserve
purchasing power parity (PPP)
primary sector
productivity
quaternary sector
radioactive waste
raw material orientation
regional multiplier
renewable energy
Rostow’s “Modernization Model”
secondary sector
structural adjustment program
subsistence economy
supply
sustainable development
tertiary sector
trickle-down effects
uneven development
value added
Weber’s Model (Least cost theory)
Wallerstein’s World Systems Theory
BE ABLE TO
• use examples of human welfare indicators to distinguish between relatively developed and less developed countries.
• use examples of economic indicators to classify countries as less developed or relatively developed.
• draw the Brandt line on a world or regional map and give examples of elements of the core and periphery.
• discuss specific examples of “semi-peripheral” countries, explaining why they are so labeled.
• compare and contrast different theories and models of economic development and the relationship between LDCs and relatively developed countries.
• provide examples of the different sectors of a country’s economy and explain the economic relationship between them.
CASE STUDIES
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