Economic Development- This is a term that refers to raising the standards of living. This is important to the study of Appalachia because its much needed in this area. Economic development is crucial in providing opportunities for the region, building businesses, providing employment and raising the prosperity level. This term also has to do with bringing more technology and more industry into the area.
World Economic Theory- Originated by Immanuel Wallerstein, some countries benefit from the economic system of the world and some countries miss out on these benefits. The theory has three levels on hierarchy: core, periphery, and semi-periphery. Core countries are dominant capitalist countries which exploit peripheral countries for labor and
World Economic Theory- Originated by Immanuel Wallerstein, some countries benefit from the economic system of the world and some countries miss out on these benefits. The theory has three levels on hierarchy: core, periphery, and semi-periphery. Core countries are dominant capitalist countries which exploit peripheral countries for labor and