Industrial & Economic Development

Indicator of level of development combining income, literacy, education, and life expectancy.

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

The value of the total output of goods and services produced in a country in a given time period (normally 1 year).

• FDI (Foreign Direct Investment)

• GDP (Gross Domestic Product)

• HDI (Human Development Index)

• GNP (Gross National Product)

National or global regions where economic power, in terms of wealth, innovation, and advanced technology is concentrated.

• Core

• Periphery

• Semi-periphery

Countries that usually have low levels of economic productivity, low per capita incomes, and generally low standards of living.

• Core

• Periphery

• Semi-periphery

Those newly industrialized countries with median standards of living.

• Core

• Periphery

• Semi-periphery

The red countries represent the...

• Core

• Periphery

• Semi-periphery

The blue countries represent the...

• Core

• Periphery

• Semi-periphery

Model that describes a country's progression in five stages from LDCs to MDCs.

• Rostow's Model of Economic Development

• Wallerstein's World Systems Theory

• Weber's Least Cost Theory

• Location Theory

A model of the spatial structure of development in which underdeveloped countries are defined by their dependence on a developed core region (core, periphery, and semi-periphery).

• Rostow's Model of Economic Development

• Wallerstein's World Systems Theory

• Weber's Least Cost Theory

• Location Theory

Portion of the economy concerned with the direct extraction of materials from Earth's surface.

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

• Quinary sector