Industrialization and Economic Development

Nicole, Noah, Lauran

Types of Jobs

Primary- AgricultureSecondary- ManufacturingTertiary- ServicesQuaternary- InformationQuinary- Executive

Four Asian Dragons

South KoreaSingaporeTaiwanHong Kong

Rostow’s Development Model1. Traditional Society- high percentage of people in

agriculture2. Preconditions for takeoff- new technology and

infrastructure3. Takeoff- Rapid growth in textiles and food

products4. Drive to Maturity- more skilled and specialized

workers5. Age of Mass Consumption- Economy switches

from heavy industry to consumer goods

DEFINITIONS

Gender Empowerment Measure (GEM)- compares the ability of women and men to participate in economic and political decision making.

Gender-Related Development Index (GDI)- Compares the level of development of women with that of both sexes.

Industrial Revolution

Began in the United Kingdom in the late 1700s.Began in the United States in the 1800s

Bulk-gaining industry- located near the market (beverages)Bulk-reducing industry- located near the sources of output (steel)

Shipping and costs

Truck - short distance delivery with low costs Trains - holds more than trucks and faster delivery Ships - slower than land based but for sea based transportationAir - fastest and safest but most expensive

Definitions Industrial Revolution- A series of

improvements in industrial technology that transformed the process of manufacturing goods.

Cottage Industry- Home-based manufacturing system.

Maquiladora- factories built by U.S. companies in Mexico near the U.S. border.