All Flashcards
What is Rostow's Stages of Development model?
A linear model showing how countries move from agriculture to a service-based economy through five stages.
Explain the concept of 'Preconditions for Takeoff' in Rostow's model.
Leadership starts investing in infrastructure and education, setting the stage for economic growth.
Explain Wallerstein's World Systems Theory.
A theory that views the world as a system with core, periphery, and semi-periphery countries, highlighting global power dynamics.
What is the core-periphery relationship?
Core countries exploit periphery countries for raw materials and cheap labor, benefiting most from the global system.
What is Dependency Theory?
Less developed countries are stuck being dependent on more developed countries, hindering their growth.
Explain the role of semi-periphery countries in Wallerstein's theory.
Act as a buffer between core and periphery, exploiting the periphery while being exploited by the core.
What are the main criticisms of Rostow's model?
Doesn't account for colonialism, corruption, or uneven resource distribution.
How does Wallerstein's theory explain global inequality?
The core-periphery relationship perpetuates inequality by exploiting periphery countries.
What is the main argument of Dependency Theory regarding LDCs?
LDCs are kept from fully developing because they rely on MDCs for jobs and technology.
What is the relationship between MDCs and LDCs according to Dependency Theory?
MDCs benefit from the dependency of LDCs, maintaining their economic advantage.
Compare Rostow's model and Wallerstein's theory.
Rostow's is a linear stage model, while Wallerstein's is a hierarchical system focusing on global power dynamics.
Compare core and periphery countries.
Core countries are rich and industrialized, while periphery countries are less developed and provide raw materials.
Compare LDCs and MDCs.
LDCs are less developed and rely on MDCs, while MDCs have advanced economies.
Compare 'Takeoff' and 'Drive to Maturity' in Rostow's model.
'Takeoff' involves rapid industrialization, while 'Drive to Maturity' involves tech advancements and skilled labor.
Compare Wallerstein's theory and Dependency Theory.
Wallerstein's focuses on the global system, while Dependency Theory focuses on the relationship between LDCs and MDCs.
Compare the roles of core and semi-periphery countries.
Core countries control the global economy, while semi-periphery countries act as a buffer and can exploit the periphery.
Compare the focus of Rostow's model and Dependency Theory.
Rostow's focuses on stages of growth, while Dependency Theory focuses on the cycle of dependence.
Compare the economic structure of Traditional Society vs. High Mass Consumption.
Traditional Society is agriculture-based, while High Mass Consumption is service-based and industrialized.
Compare the criticisms of Rostow's model and Wallerstein's theory.
Rostow's ignores historical context, while Wallerstein's highlights the exploitative nature of the core-periphery relationship.
Compare the long-term outcomes for countries in Rostow's model vs. Dependency Theory.
Rostow's suggests countries can reach high mass consumption, while Dependency Theory suggests LDCs remain dependent.
What is the effect of infrastructure development in the 'Preconditions for Takeoff' stage?
Sets the stage for economic growth and attracts investment.
What is the effect of rapid industrialization during the 'Takeoff' stage?
Urbanization, economic growth, and a shift to manufacturing.
What is the cause of dependency in Dependency Theory?
LDCs' reliance on MDCs for jobs, technology, and capital.
What is the effect of core countries exploiting periphery countries?
Perpetuates global inequality and hinders the development of periphery countries.
What is the cause of a country entering the 'Drive to Maturity' stage?
Technological advancements, skilled labor, and a diversified economy.
What is the effect of high mass consumption on a society?
High living standards, strong service sector, and focus on consumer goods.
What is the cause of a country being classified as a periphery country?
Providing raw materials and cheap labor to core countries.
What is the effect of being a semi-periphery country?
Acts as a buffer and can exploit the periphery while being exploited by the core.
What is the effect of LDCs relying on foreign aid?
Can create dependency and hinder long-term development.
What is the effect of MDCs having advanced economies?
They benefit from the dependency of LDCs, maintaining their economic advantage.