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Know and Be Able To Chpt. 9) ECONOMIC DEVELOPMENT
KNOW
agglomeration economies
basic (non-basic industries)
Brandt Line
comparative advantage
Dependency Theory
developing country
economic indicators
economic development
gender inequality index
Gini coefficient
GDP
gross national product
HDI
import substitution
LDC
literacy rate
market-orientation
MDC
neo-colonialism
primary sector
productivity
quaternary sector
raw material orientation
regional multiplier
Rostow’s “Modernization Model”
secondary sector
subsistence economy
sustainable development
tertiary sector
trickle-down effects
value added
Weber’s transp model
BE ABLE TO
• use examples of human welfare indicators to distinguish between relatively developed and less developed countries; explain variations in levels of development
• use examples of social and economic measures to classify countries as less developed or relatively developed (GDP, HDI, GINI, etc)
• apply models of industrial location: bid rent, Weber’s tranp. costs, industrial location in relation of retailing and service industries, and local economic development within competitive global systems of corporations and finance
• 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
• discuss deindustrialization, economic restructuring, and the rise of service tech economies
• provide examples of the different sectors of a country’s economy and explain the economic relationship between them.
READING ASSIGNMENTS
1. Rubenstein, Chapter 9: Development
2. FOCUS, # 15: Indian Gaming in the US: Distribution, Significance and Trends
3. FOCUS, # 19: Women Street Caterers: Gaborne’s Colorful Street-Side Restaurants
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