Human being Geography Section 10 paperwork

 Human Geography Chapter twelve notes Composition

п»їHGAP Phase 10 Records

Developing- nation is producing progress in technology, creation, and socio-economic well being Low National Income- measure of the overall value in the officially registered goods and services manufactured by the individuals and businesses of a region in a presented year Low Domestic Product- encompasses simply goods and services made within a nation in a given year Low National Income- calculates the monetary well worth of what is produced within a country as well as income received from investments outside the nation minus the salary payments to other countries around the world GNI only includes income through the formal economic system

Informal economy- illegal overall economy that government authorities do not taxes and keep a record of like drug dealing and Black Industry trade GNI does not inform us degree of total participation inside the country's economic system, the average residents material lifestyle, or gaps between genders or between regions Steps only inputs and not non-monetary value costs of creation, which have a toll within the environment through resource destruction and air pollution Walt Rostow's Development Model- Grew out of major decolonization actions in the 1950's, also called corporate of expansion Looked to find out how financially powerful countries had gotten where they are Assumes all countries follow a identical path to development or modernization, advancing through the five stages of advancement: 1 . 1) Traditional-dominated by simply subsistence farming, rigid cultural structure, and technology is definitely slow to improve 1 . 2) Preconditions to takeoff- fresh leadership contributes to greater overall flexibility, openness, and diversification 1 ) 3) Takeoff- country experience something akin to the industrial innovation, sustained expansion occurs along with estate 1 . 4) Drive to Maturity- systems defuse, professional specialization occurs, and worldwide trade extends 1 . 5) High Mass Consumption- excessive income and wide spread creation of many goods and services Development takes place in framework: it...


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