WORLD REGIONAL GEOGRAPHY
CONCEPTS TO KNOW -EXAM QUIDE
QUESTIONS AND ANSWERS
Why are GDP & GNP misleading in country comparisons - Answer--average hides
the unequal distribution of wealth
-purchasing power varies across the globe
-only measures the formal economy
Uneven development - Answer--differences in natural endownments or natural
resources
-political leadership
-historial explanations
-economic/political interaction
Rostow's model - Answer-stages of economic growth, best known of modernization
theories
Dependency theory - Answer-during colonial era, economies in tropics
"underdeveloped'
World Systems Theory - Answer-a geography for dependency theory by depicting
world in terms of core, semiperiphery and periphery
Core - Answer-most developed states
Semiperiphery - Answer-emerging group of states
Periphery - Answer-least developed states
Import substitution - Answer-tropical countries would be forever suck as produces of
primary products unless proactive steps to change nature of economies
Neoliberalism - Answer-increased influence of the market
Washington consensus - Answer-1. Trade liberalization: allows imports
2. Reduced gov: intervention in the economy
3. Private sector: main engine of economic growth
Debt crisis - Answer--modernize and industrialize the region
-price of oil went up
Strong globalization - Answer-fundamental shift began modern globalization
Columbian exchange/triangular trade - Answer--17th, 18th & early 19th centuries
exported cheep manufactured goods to Africa to be exchanged for slaves
CONCEPTS TO KNOW -EXAM QUIDE
QUESTIONS AND ANSWERS
Why are GDP & GNP misleading in country comparisons - Answer--average hides
the unequal distribution of wealth
-purchasing power varies across the globe
-only measures the formal economy
Uneven development - Answer--differences in natural endownments or natural
resources
-political leadership
-historial explanations
-economic/political interaction
Rostow's model - Answer-stages of economic growth, best known of modernization
theories
Dependency theory - Answer-during colonial era, economies in tropics
"underdeveloped'
World Systems Theory - Answer-a geography for dependency theory by depicting
world in terms of core, semiperiphery and periphery
Core - Answer-most developed states
Semiperiphery - Answer-emerging group of states
Periphery - Answer-least developed states
Import substitution - Answer-tropical countries would be forever suck as produces of
primary products unless proactive steps to change nature of economies
Neoliberalism - Answer-increased influence of the market
Washington consensus - Answer-1. Trade liberalization: allows imports
2. Reduced gov: intervention in the economy
3. Private sector: main engine of economic growth
Debt crisis - Answer--modernize and industrialize the region
-price of oil went up
Strong globalization - Answer-fundamental shift began modern globalization
Columbian exchange/triangular trade - Answer--17th, 18th & early 19th centuries
exported cheep manufactured goods to Africa to be exchanged for slaves
