BCOR Module 7 Study Guide with Complete Solutions

BCOR Module 7 Study Guide with Complete Solutions Developed Country - Answer️️ -- Economies are highly progressed, strong technological infrastructure and industrialization - High per capita income, high human development index, etc. - Consumertopia, SelfieNation Developing Country - Answer️️ -- Low industrialization - Low human development index, low per capita income, etc. - Leguppland, Emergentia Emerging Country - Answer️️ -- Some characteristics of a developed market, but does not meet standards to be a developed market - CanTasteItIa, Subsistland Spindle, Agarwal (How Cashews Explain Globalization) - Answer️️ -- Cultivated in Brazil, exported by Portugal and commercialized by, America, the snack enriched India —until Vietnam took over - When Vietnam decided to automate their cashew processing industry, number of jobs decreased—but those that remained were better and higher paying ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM 2 Manjoo (How to make America's Robots Great Again) - Answer️️ -- US has hit manufacturing record thanks to Chinese automation - China has world's largest market for industrial robots - more investments being made in China; US is lagging behind and could result in US manufacturing jobs being offshored - solution: US should invest more in robots, resurge robot revolution through govt funding Poverty, Inc. Video - Answer️️ -- global poverty industry: wide range of money-making activities that attract a large portion of their business from the poor because they are poor - good intentions by outsiders can in many cases make the problem worse - some aid organizations may actually be cashing in on their concern - problem: few pause to think what happens after they've written the check - solution: training and help building connections to the world market could empower a way out Paternalism - Answer️️ -when Westerners step in to patronize the poor, it creates a system of dependence in which the so-called Third World finds it difficult to rise above their circumstances Colonialism - Answer️️ -attempts of a country to establish settlements and impose political, economic, and cultural principles in another territory "Planet Money Makes a T-Shirt" - Answer️️ -externalities ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM 3 - exposure to chemicals - factory waste pollution - contamination leads to disease outbreak What are some of the key differences between the garment industry in Bangladesh and Columbia? - Answer️️ -- Workers in Colombia make more than four times what their counterparts make in Bangladesh - unlike in Colombia, workers in Bangladesh don't have clean running water, shelter, enough food, etc. Gopinath, Parker (Pros and Cons of Globalization) - Answer️️ -Pros - Increasing economic output and productivity (investors) - New jobs and increasing wages in places where a good is produced most efficiently (employees) - Decreasing product/service costs (consumers) Cons - Loss of jobs and decreasing wages in places were a produ