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Terms in this set (15)
Raw materials from earth
Raw materials to manufactured goods
services and grows with industrialization
Research and development
Value of total output of goods/services produced in a country during a year.
was the first country to begin to develop its industry.
Modernization Theory: Britain...
Tradition is the greatest barrier to economic development.
Modernization: Greatest barrier?
High income countries can help poor countries by encouraging pop. control, increase food prod., tech.
Modernization Theory Claims...
subtract cost of raw materials/energy from gross value of product.
blame global poverty on rich nations because they exploit them and so keeps them from dev.
take raw mat. from around the world and channel wealth to rich nations through multi corps.
support rich countries by cheap labor and large market; colonial exploitation
More power than P, but still controlled a bit by cores.
country's lvl of development a function of 3 factors: social, econ, and demo.
% of country's people that can read and write.
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