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15 Cards in this Set
- Front
- Back
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Core Periphery Model |
A model that describes how economic, political, and/or cultural power is spatially distributed between dominant core regions, and more marginal or dependent semi-peripheral and peripheral regions. |
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Dependency Theory |
Dependency theory is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former. |
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Fair trade |
An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizations, and comply with minimum environmental and safety standards |
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Foreign direct investment |
Investment made by a foreign company in the economy of another country |
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Housing bubble |
A rapid increase in the value of houses followed by a sharp decline in their value |
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Microfinance |
Provision of small loans and other financial services to individuals and small businesses in developing countries |
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Millennium development goals |
Eight international development goals that all members of the United Nations have agreed to achieve by 2015 |
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Neo colonialism |
the use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies. |
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Richard Nolan |
Nolan (1979) indicated that there are six stages in the information system evolutionary process. (Stages of growth model) |
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W. W. Rostow |
Rostow penned his classic "Stages of Economic Growth" in 1960, which presented five steps through which all countries must pass to become developed: 1) traditional society, 2) preconditions to take-off, 3) take-off, 4) drive to maturity and 5) age of high mass consumption |
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"Stages of growth model" |
The model postulates that economic growth occurs in five basic stages, of varying length: Traditional society, pre conditions to take off, take off, drive to technological maturity, and mass consumption |
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Structural adjustment program |
Economic policies imposed on less developed countries by international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services |
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Third world |
the developing countries of Asia, Africa, and Latin America. |
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Uneven development |
The increasing gap in economic conditions between core and peripheral regions as a result of the globalization of the economy |
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World systems theory |
an approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited. |
