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know and be able to ECONOMIC DEVELOPMENT KNOW 9.1 HDI IHDI GNI PPP GDP Primary economic activities Secondary economic activities Tertiary economic activities Quaternary economic activities Subsistence economy Service economy Informal economy Basic industries Non-basic industries Productivity Value added Economic development Ecotourism Economic indicators Health indicators Life expectancy at birth Infant mortality Dependency ratio Education indicators Literacy rate Mean years of schooling Expected years of schooling Pupil/teacher ratio Regional variation in development Impact of petroleum on regional variation Economic backwaters Regionalization Regional multiplier Backwash effect 9.2 GII Empowerment Percent of seats held by women in national legislature Percentage of women who have completed high school Female labor force participation rate Reproductive health Maternal mortality rate Adolescent fertility rate 9.3 Anthropocentric Fossil fuel World coal supply World petroleum supply Proven reserves Potential reserves OPEC Non-renewable resources Fracking Nuclear energy Fission Radioactive waste Breeder reactor Renewable resources Hydroelectric Biomass Wind Geothermal Nuclear fusion Solar Passive solar Active solar 9.4 Standard of living Globalization Infrastructure Self-sufficiency path Tariff India’s development path Subsidy Rostow’s Stages of Development Model Traditional society Preconditions for take-off Take-off Drive to maturity High mass consumption Weaknesses of Rostow Comparative advantage Protectionism Four Asian Tigers (Dragons) Development in the petroleum-rich Arabian peninsula WTO Criticisms of WTO FDI Development loans World Bank IMF Microfinance Grameen Bank Structural adjustment program Stimulus strategy Austerity strategy Europe’s sovereign debt crisis Housing bubble Fair trade Millennium Development Goals Wallerstein’s World-Systems Theory Core Semi-periphery Periphery Transnational corporations Core-periphery pattern Brandt line Structuralist Theory Import substitution ISI NIMBYism Dependency Theory Neocolonialism OECD Hegemony NGO Fast world Slow world LDC MDC BE ABLE TO Know all question time answers! Know geographic case study examples for all vocab words (when possible) 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. Provide the three categories of HDI indicators. Compare and contrast GNI and GDP. Explain how the ratio of non-basic employment to basic employment changes as regions develop. Provide the three categories of GII indicators. Provide two female empowerment indicators. Describe a pattern of female labor participation rate between the core and the periphery. Describe current trends in gender equality. Explain the correlation between HDI and GII scores. Provide the three main sectors of energy demand in the US. Provide the two countries that demand the most energy. Explain how the relative demand for energy has changed between the core and the periphery in recent years. Describe how the price of oil has changed between 1970 and today. Compare nuclear, hydroelectric, geothermal, wind, biomass, and solar energy in terms of pros and cons. Compare and contrast the self-sufficiency path and the international trade path to development utilizing successes, limitations, and real life case study examples. Explain how India’s development path changed over time. Discuss the weaknesses of Rostow’s model. Discuss the pros and cons of development loans. Discuss the pros and cons of structural adjustment programs. Compare and contrast economic inequality both within and between the core and periphery. Explain how HDI scores have changed around the world since 1980. Explain how transnational corporations have different activities in core vs. in the periphery.