AP Human Geography Unit 6 Notes - Sara Smith Intro Story...

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Sara SmithIntro StoryTimbuktu, Mali - its an important place for intellectual, spiritual, and economics of the 13th - 16thTrade routes changed and lost the positionsHow do you define and measure development?GNP - gross national product; all goods and services produced by a country(domestic and international trade) within a yearGDP - gross domestic product; all goods and services produced by a country(domestic) within a yearGNI - money of what is produced within the country and from outside investmentsdeveloping/development making progress in socioeconomic wellbeingrostow's model - all countries undergo five economic stages of modernization. A liberal viewneocolonialism - effects of colonial times on tax and investments even though the country is now under a new ruledependency theory - elite groups of leaders will decide to let the country stay in poverty for their own benefit in other economic activityworld-systems theory - core the exploit the peripherycore-periphery model - shows how space is organized in a periphery country that is dependent upon a core countryThinking Geo p328 -- They are very similar, each type of country in Wallersteins model is at a different point in Rostows ladder. In Class Notes 3/23Industrial revolution began in England in the 18th centuryEconomic Geography - studies the impact of economic activities the landscape and investigates reasons behind the locations of economic activitiesLocation is extremely important for economic development Commodity chain - a series of links connecting the many places of production and distributionminers and agriculturalist, manufacturers, exporters and importers, wholesalers and retailers, advertisers, and consumers eg Bike ShopsCore Areas - sophisticated tech, high skill, higher salariesPeriphery - low tech, less education, developing, lower wagesDependency Theory - idea that politics/economics can control/limit the development of periphery countriesDollarization - tying currency to wealthier countriesCompressed Modernity - rapid economic and political change that transformed the country into a stable nation withdemocratizing political institutionsa growing economyand an expanding web of non-governmental institutionsGross National Income (GNI) - what is produced within a country plus income fron investments outside the countryGross National Product (GNP) - total value of officially recorded goods and services produced in and out by citizens and corpGross Domestic Product (GDP) -Formal Economy - legal economy that governments tax and monitorInformal Economy - illegal or uncounted economy that governments do not taz or keep track ofPer Capita GNI - GNI divided by the population (only formal)Doesn’t consider cost of production, depletion of resources or pollution.Rostow’s Modernization ModelTraditional - technology is slow to change. Subsistence agriculture is dominantPreconditions of take off - new leaders, ideas, diversification, transition phase.

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