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Know and be able to DEVELOPMENT ECONOMIC KNOW (The following terms need to be known for the exam) Dependency Theory HDI Productivity Developing country LDC Quaternary sector Economic indicators Literacy rate Rostow’s “Modernization Model” Economic development MDC Secondary sector Gross national product Primary sector Tertiary sector AP VOCAB: This semester you will have to investigate terms that are not provided in your textbook. The following terms are pulled from the AP College Board Vocab List. You MUST turn in each term on flash cards at the end of the unit. This is worth an assignment grade 100 points. Agricultural labor force Development Levels of development Calorie consumption Energy consumption Measures of development Core-periphery model Foreign direct investment Neocolonialism Cultural convergence Gross domestic product (GDP) Physical Quality of Life Index Dependency theory Gross national product (GNP) Purchasing power parity “Stages of Growth” model Human Development Index Rostow, W. W. Technology gap Technology transfer Third World World Systems Theory 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. 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, # 19: Women Street Caterers: Gaborne’s Colorful Street-Side Restaurants Development: Chapter 9 Key Issue #1 Why Does Development Vary Among Countries? Pgs. 301 Define the following terms… Development: MDC: GDI: LDC: GNI: PPP: 1) Map out and describe the nine developmental regions identified by the HDI 2) What four different factors does the UN consider when determining a country’s level of development based on its HDI (Human Development Index)? ECONOMIC INDICATORS OF DEVELOPMENT 3a) What is gross domestic product (GDP)? 3b) How much does a typical worker in an MDC earn? 3c) In an LDC? 3d) What has been happening to the gap between MDCs and LDCs in terms of GDP? 4) Explain this statement: “Per capita GDP measures average (mean) wealth, not its distribution.” 4a) Based on the statement above, why might the United States have a very high GDP per capita, but have some very poor people? 5) What types of jobs comprise each of the following sectors of an economy? Primary: Secondary: Tertiary: 5a) Fill in the table below related to job sectors for LDCs and MDCs: Current Levels (High or Low) Development Level Primary Sector LDCs Trends (Increasing or Decreasing) MDCs LDCs MDCs Secondary Sector Tertiary Sector 6) Define each of the following terms: Productivity: Value added: 7) What three “consumer goods” are considered to be particularly good indicators of development? 7a) The people in LDCs who have access to consumer goods are usually concentrated in what regions of the country? 7b) Why would these specific goods contribute to an increase of development for MDCs? Similarly, why would a lack of these goods slow development in an LDC? 8) Compare LDCs and MDCs for the following characteristics: LDCs Average Years of School Education Difference by Gender Literacy Rate Life Expectancy IMR NIR CBR 9) In what ways is development a positive force for people living in LDCs? 10) What is the inequality adjustment index? Identify ALL of the elements the I.A.I. considers? MDCs Development: Chapter 9 Key Issue #2 Why Does Development Vary be Gender? Pgs. 310 1) Define the GII, what is its importance? 2) The GII considers what four areas as it compares the situation of women to that of men in various countries? 2a. Where are the highest GIIs? 2b. Where are GIIs the lowest? 3. What is the average “income gap” between men and women in the United States? 4. Compare the maternal mortality rate vs. the adolescent fertility rate. 5. How can M.M.R and A.F.R determine the level of development in a country? 6. . In LDCs, at what level of schooling does an “education gap” between boys and girls become very great? 7. Read the following statements regarding literacy and mark them as true or false. If false, repair the statement to make it true. ___ a. In MDCs literacy is universal among both women and men. ___b. In Latin America and Asia, literacy is universal among men, but rates are low for women. ___c. In sub-Saharan Africa and the Middle East, female literacy is low, but it is slightly higher than that of men. 8. In what sense is the “gender gap” actually greater in MDCs than in LDCs? 9. Compare the United stated to the rest of the developed world in the following categories. REPRODUCTIVE RIGHTS UNITED STATES DEVELOPED WORLD POLTICAL AREANA Economic Development – Chapter 9 Key Issue #4 328 Why do less developed countries face obstacles to their development? Pgs. 1) Complete the table below with notes from the text comparing the two different models of development: International Trade Model (Rostow’s Development Model) Problems and Criticisms Elements APPROACHES TO ECONOMIC DEVELOPMENT Self-Sufficiency Model/Path 2) Which of the two models has shown the most success? How is success determined? 3) Mark each of the following statements, regarding the WTO, as true or false. If false, make them true. ___(a) The WTO was formed by countries which conduct the majority of international trade. ___(b) The WTO seeks to increase import quotas and reduce import and export tariffs. ___(c) Though it can hear accusations, the WTO cannot order remedies. ___(d) The WTO seeks to eliminate restrictions on the flow of money between countries. 4) Why have each of the following groups been critical of the WTO? i. Liberals: ii. Conservatives: LOANS 5) Identify the two main sources, both controlled by MDCs, of loans for LDCs. a. b. 6) What is the THEORY behind using loans for infrastructure projects in LDCs? 7) In PRACTICE, what has usually happened when loans have been used for these infrastructure projects? 8) What are structural adjustment programs? 9) Why do LDCs enact structural adjustment programs, even though they may be unpopular with the citizens of their countries? FINANCING DEVELOPMENT 10) Create a Venn diagram comparing Stimulus strategy vs. austerity strategy 11) Why would southern European countries argue that they should receive financial stimulus from wealthier European countries 12 ) What are the two principal ways in which business owners in LDCs obtain money to finance development? a. b. 13) Describe the core periphery model.