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Know and be able to ECONOMIC DEVELOPMENT
KNOW
agglomeration economies
basic (non-basic industries)
Brandt Line
comparative advantage
Dependency Theory
developing country
economic indicators
economic development
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
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.
READING ASSIGNMENTS
1. Rubenstein, Chapter 9: Development
2. Kuby, Chapter 7: Rags and Riches: The Dimensions of Development
3. FOCUS, # 15: Indian Gaming in the US: Distribution, Significance and Trends
4. FOCUS, # 19: Women Street Caterers: Gaborne’s Colorful Street-Side Restaurants
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