GEOG 1310 Exam 1|Complete
Questions and Answers
GNP - -Gross National Product: output produced by the "materials" of a
country
- GNI - -Overall size of national economy
- Third World - -to describe newly independent former colonies, nonaligned
with either capitalist or socialist system, outdated after the cold war ended in
1989
- Global South - -Willy Brandt drew the Brandt line to single out "southern"
economies, but indifferent to diversity within the south and to poverty in
former socialist countries
- Emerging Markets - -World Bank to promote business investment in low
income countries. Not reflect worsening economic conditions there and on
growing gap between he developed and the developing
- BRIC - -Brazil, Russia, India, China. Economic powerhouse in the making, a
shift in global economic power away from the developed G7 economics.
Dominant global supplies of manufactured goods and raw materials
- Brandt Line - -Line drawn to single out "southern" economies
- Core-Periphery Model - -US, Canada, western Europe, and Japan
constituted the global economic core, centered in the northern hemisphere,
whereas most of the areas in the southern hemisphere made up a less
developed periphery
- Purchasing power parity - -Takes into account the strength or weakness of
local currencies
- Rostov's 5 stages of economic growth - -Traditional, colonized, take off,
maturity, developed
- Dollarization - -A country, in whole or in part, adopts the US currency
- Conflict Minerals - -Minerals that cause conflicts between countries
because of demand
Questions and Answers
GNP - -Gross National Product: output produced by the "materials" of a
country
- GNI - -Overall size of national economy
- Third World - -to describe newly independent former colonies, nonaligned
with either capitalist or socialist system, outdated after the cold war ended in
1989
- Global South - -Willy Brandt drew the Brandt line to single out "southern"
economies, but indifferent to diversity within the south and to poverty in
former socialist countries
- Emerging Markets - -World Bank to promote business investment in low
income countries. Not reflect worsening economic conditions there and on
growing gap between he developed and the developing
- BRIC - -Brazil, Russia, India, China. Economic powerhouse in the making, a
shift in global economic power away from the developed G7 economics.
Dominant global supplies of manufactured goods and raw materials
- Brandt Line - -Line drawn to single out "southern" economies
- Core-Periphery Model - -US, Canada, western Europe, and Japan
constituted the global economic core, centered in the northern hemisphere,
whereas most of the areas in the southern hemisphere made up a less
developed periphery
- Purchasing power parity - -Takes into account the strength or weakness of
local currencies
- Rostov's 5 stages of economic growth - -Traditional, colonized, take off,
maturity, developed
- Dollarization - -A country, in whole or in part, adopts the US currency
- Conflict Minerals - -Minerals that cause conflicts between countries
because of demand
