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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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