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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.
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.
Define 'Traditional Society' in Rostow's model.
Agriculture-based society with limited technology and low productivity.
Define 'Takeoff' stage in Rostow's model.
Rapid industrialization and urbanization with a shift to manufacturing.
Define 'High Mass Consumption' in Rostow's model.
Highly industrialized society with a strong service sector and high living standards.
Define 'Core Countries' in Wallerstein's theory.
Rich, industrialized countries that control the global economy.
Define 'Periphery Countries' in Wallerstein's theory.
Less developed countries that provide raw materials to the core and are often exploited.
Define 'Semi-Periphery Countries' in Wallerstein's theory.
Countries in between core and periphery, with some industry but still dependent on the core.
Define 'LDCs' in Dependency Theory.
Less Developed Countries that rely on MDCs for jobs and technology.
Define 'MDCs' in Dependency Theory.
More Developed Countries with advanced economies that often benefit from the dependency of LDCs.
Define 'Dependency Theory'.
LDCs are stuck being dependent on MDCs, which hinders their growth.
Define 'World Systems Theory'.
World as a system with core, periphery, and semi-periphery countries.