Study Guide for Test on Development and Industry

1. How is development measured? What is GDP and GNP, Why are they not the only measure of
development?
2. What is the difference between formal and informal sectors of the economy, how do they relate
to GDP?
3. Define HDI and understand what is used to calculate the number (economic, social, etc)
4. Constraints on Development (Population, Natural Resources, etc)
5. Rostows Theory and the 5 stages of development
6. How is Rostows model linked to globalization?
7. World Systems Model: Core, Periphery, Semi-Periphery, Resource Frontier
8. Where is development located? (location of the developed worldvs. developing world)
9. Identify and explain the economic sectors. What role do they play in evaluating development?
10. What role do resources play in development? Infrastructure?
11. Strategies for development. Identify World Organizations trying to provide aid.
a. structural adjustment loans
b. debt for nature swap
c. Non governmental organizations NGOs (microloans)
12. Explain the role that MDCs have in developing LDCs. Who usually benefits? *think about
Panama
13. Define Cottage industry. Diffusion of Industry. Effect of the Industrial revolution. Factors that
causes IR in Britain.
14. Site and Situation factors that go into Industrial Location. Examples.
15. Describe a post industrial society. What causes this? How does it relate to outsourcing?
16. Define Raw material orientation, market orientation( Webers Least Cost Theory)
17. How do modes of transportation meet different shipping needs? How has refrigeration
impacted global trade? What is break of bulk?
18. Location of industry on a world wide scale. Location of Industrial Regions
19. How did the Four dragons develop? What did they have to offer?
20. Industrial problems in both MDCs and LDCs. Loss of Industry in MDCs (deindustrialization).
Struggles to support industry in LDCs.
21. How has industry recently become more productive?
22. What does the Global Division of Labor look like? How has it impacted places such as India,
China, and Mexico? Why is India unique when it comes to outsourcing? Why has Mexico been
so important to the US?
23. Define the following terms; Just-in-time delivery, cumulative causation, backwash effects, and
ancillary activities.
24. Why are some car manufacturing plants relocating to the South?
25. What is the relationship between the term maquiladoras, export processing zones or EPZs, and
the specialized economic zone (SEZs) of China
26. What are the benefits of agglomeration? Degglomeration?
27. Other terms to know: just in time delivery, ubiquitous, footloose industries,
Transnational/Multinational Corporations
28. What has causes a shift from fordist to post fordist (or spatial disaggregation) of production?
29. How has increased womens education impacted economies, gender roles and population in
LDCs?