lecture 20 - Lecture 20 The North and South divide Regional...

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Lecture 20 The North and South divide Regional and National economy According to the economic development there are many types of classification. These are: Two tired: Subsistence economy Commercial economy Two tired: Least developed countries More developed countries After Second World War (three tired): First world Second world Third world According to ‘Brandt map’ The North The South Characteristics of Subsistence and Commercial Economy: Subsistence economy: Emphasis on subsistence activities Primary sector orientation Close and less integrated Driven by agrarian endeavors Location of emerging of market with the less concentration of wealth power and industry Responsive to internal demand or market Little or no surplus Low deviation of labor and less specialized labor force Low degree of capital accumulation Labor intensive production
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Commercial economy: Emphasis on commercial trade and finance Secondary and tertiary sector orientation
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This note was uploaded on 04/23/2011 for the course GEO 101 taught by Professor Fkabir during the Spring '11 term at BRAC University.

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lecture 20 - Lecture 20 The North and South divide Regional...

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