Global Economic Development

those nations with the industrialization, transportation, and business facilities for advanced production of manufactured goods.

• Developed Nations

• Developing Nations

nations in the process of becoming industrialized.

• developed nations

• emerging nations

the elimination of trade barriers, such as tariffs, among nations

• free trade

• tariffic trade

• unfettered trade

• trade without borders

Why are “knowledge workers” becoming more important in

the developed nations?

• developed nations rely on industry so there aren't enough knowledge workers

• Information industries of developed nations are growing and so is the need for knowledge workers

• there would be less oil without knowledge workers

• Knowledge workers are a drain on social resources

Mark the argument if it is for globalization or against: led to an increased in the standard of living across the globe

• for

• against

Mark the argument if it is for globalization or against: developed nations benefit at the cost of poorer countries

• for

• against

This segment of the book best matches which subtitle? "Technological advances in manufacturing reduced the need for factory workers. But in other areas of the economy, new demands were emerging. Computerization and communications advances changed the processing of information."

• Information Industries Change Economies

• The Effects of New Economies

• Multinational Corporations