WEEK 2 GEO notes PDF

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Notes from week 2
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Week 2 ! ! ! !

" •the$World-System Theory$organized the global economy into$core/ semi-periphery/periphery!in terms of economic hierarchy. Describe each category.! " •" Define$economic growth$and$economic development. What is the difference?! " •" What are the three components of the$Human Development Index$(HDI)?$What other indicators of a country’s overall well-being are discussed?! " •" What is$Gross Domestic Product$(GDP)? How effective is this figure in ranking a county’s economy?! ‣ The total value of all goods and services produced in the boundaries of a country annually ! " •" See Figure 2.5. Which regions have moved higher on the HDI? What happened in the 1990s and 2000 to lower the overall global HDI for most regions?! • Sustainable development$means different things to different people. What does it mean to you?! " •" Demographic transition$relates stages of population change to economic development. In what Stage and Type is the United States? In what Stage and Type is Brazil?! • Brain drain! " •" What factors account for China’s enormous growth since 1970s?! " •" Forbes Global 200 Leading Companies list in 2012 indicated that 20 of the top 100 transnational (TNCs) corporations are now based in newly industrializing economies. This is a change in geographical concentration of Big Business from the 1970s. Why?! ! Review these Study Guide Items for the Video! " •" How have improvements in communication and transportation technology " contributed to globalization?! ‣ Radio, tv communication etc can take imorpant worldwide info affordably. Transportation cost have gone down. This is a occurred as a result of technological advances as well as international efforts. !

What three main areas are affected by globalization?! ‣ Economy- major catalyst for globalization and most affected area ! ‣ Politics- climate change, terrosim etc can't be solved by one nation alone ! ‣ Culture- ! " •" Give two reasons why multinational corporations (MNCs) move from one country to another.! ‣ For new markets in other countries for cheap product for low wages and slack regulation laws ! " •" What does the term, “McWorld,” describe?! ‣ How western culture becomes dominate and destroys cultural diversity. ! " •" Which countries have benefited more from globalization? Why?! ‣ Newley industrializing countries because they can build uo factories with foreign direct invest,emt and sell internationally and do to low wages their products are competitive in the world market ! ‣ China, South Korea etc ! " •" Which have benefited less from globalization? Why?! ‣ Most subsaharan aftrica ! ‣ Mot prepared for competition, destruction of local production facilities, not attractive to foreign direct investment ! ! $! ! "

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