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Unformatted text preview: Sociology Lecture 22/01/2008 11:26:00 January 22, 2008 Country terms Developing countries- implies that they are all developing or in a certain way, seems like a good thing in the west, conceals differences. Less developed countries (LDCs)- implies some arent more developed, a less relative term. Underdeveloped- used to be used more, had a condescending association with it, like we are superior. Emerging markets- a Wall Street term, because an investor would rather invest in an emerging market than a developing country. Poor- there are still rich people, problem with that term Semi-Peripheral vs. Peripheral- Semi-Peripheral implies that there is a group of poor countries that are doing well, not really well, but decently. New Industrial Countries (NICS)- implies new, and industrial used to allude to have industrialized recently, used to capture a select Asian groups, the four tigers (Hong Kong, South Korea, Singapore, Taiwan) problem with this, that some countries who had industrialized before who hadnt been given this name like Argentina; Brazil, Mexico. Third World Industrializing- again, just becoming more industrial, again some countries dont have any industry Global South- poorer countries tend to be in the southern part of the world. Contrasting Countries Developed (DCs) Industrial/Post-industrial- many factories are up and gone, either moving to the south or overseas. Things in this country tend to be high-skill jobs. Post-industrial shows the changes that have happened in the US, Japan, etc. suggests the country is past industrial, and the people employed in industry are the minority. Rich First World- An inaccurate term, a Cold War term, used to refer to the West, the 2 nd World the Soviet block, and the 3 rd world. 3 rd world doesnt have the condescending badge, but not accurate, even though they identified with them, even in the Cold War, they never really were independent. Richer countries used their informal power to gain more power. Global North- another cut on the richer countries, global south conference, these terms is used. Economic Terms Gross National Product (GNP)- measures to assess the value of an economy, to get the value of goods and services produced in an economy. Gross Domestic Product (GDP)- sometimes the stats are skewed because they dont have the technology or they arent in the market, if it is just family producing or bartering. What you can infer is Per Capita- average statistic, refers to per person, the total value divided by the number of people.Per Capita- average statistic, refers to per person, the total value divided by the number of people....
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This note was uploaded on 04/29/2008 for the course SOC SO 242 taught by Professor Eckstein during the Spring '08 term at BU.
- Spring '08