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24 Cards in this Set
- Front
- Back
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Which of the following is not an economic indicator of devlopment:
GDP per capita Types of jobs Literacy rate Productivity Raw Materials |
Literacy rate
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How much of the world's population in MDCs consumes 5/6 of the world's goods?
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1/5
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What are the two ways to develop?
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self-sufficiency and international trade
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Which way to develop is most used now?
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self-sufficientcy
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Which way to develop is the most efficient?
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international trade
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What are the restrictions in the self-sufficientcy development plan?
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Cannot import food
Importers must have a licience fix quotas to really restrict importing |
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What are the problems of the self-sufficient growth plan?
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-companies are insuffiecient because of no competittion
-a lot of people are needed to run this government -some selling of imported goods on the black market |
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Who made up the idea of the international trade growth plan?
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Rostow
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When was the international trade idea thought of?
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1950s
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How many stages does the international trade plan have?
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five
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What are the first three stadges in the international trade plan?
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All are LDCs
1.Traditional society -primary jobs -unproductive 2.preconditions to take off -samll group of leaders influence the trade -invest in technology and infrsatructure(roads & schools) -people work harder to keep conditions good 3. take off -raoid growth from limited # of activities |
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What are the last two stadges in the international trade plan?
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Describe MDCs
4. drive to maturity -workers become more skilled -modern technology 5. age of mass consumption -main production changes to consumer goods |
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What does the international trade growth plan do?
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creates competition from other countries to improve the quiality of the products sold
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How has the international trade model affected the MDCs of today?
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Most of the MDCs of today developed this way
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What is holding back the devlopment in the Persian Gulf?
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Lack of women's rights: 50% of the population can not hold important jobs.
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What are some problems with the international trade alternative?
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-uneven reasource distribution
-marketing stagnation >world market growing slower than in the past -Dependance on MDCs >lesson food(other necesities too) production, then have ot import it |
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True/ False: LDCs borrow money from MDCs or a worldbank, but if they don't pay it off then they will not be loaned money from that same place anymore
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true
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Who started the transinternational programs?
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the US
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Why did the US start the transinternational programs?
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Cheap labor
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Where are the two largest areas of international investment?
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China and Brazil
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Who are the four asian dragons?
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Taiwan, Singapore, Hong-Kong, and South Korea
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Who are the small port-sized cities?
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Hong-Kong and Singapore
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What do the four asian dragons not have?
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natural reasources
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What enables the four asian dragons to sell their products for lower costs?
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cheap labor
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