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Social Studies Core-9, Spring 2014. Economic Geography. Development Analysis. Which is the most developed? Which is the least developed?. Economic Terms. Economy Production, distribution, and consumption of goods Economic System

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Development analysis
Development Analysis

  • Which is the most developed?

  • Which is the least developed?


Economic terms
Economic Terms

  • Economy

    • Production, distribution, and consumption of goods

  • Economic System

    • The method used to organize production, distribution and consumption


Economic terms1
Economic Terms

  • Infrastructure

  • Gross Domestic Product (GDP)

  • GDP per capita


HDI

  • Human Development Index

    • Combines four pieces of data into one comprehensive indicator of social and economic development


HDI

U.S.- 314,000,000

  • Why GNI instead of GDP?

    • GNI is…

    • GDP is…

    • Why is GNI more accurate of a country’s wealth?

      • It measures only the money humans have to spend

      • GDP does not differentiate products which stay in the country or leave (and thus, are unavailable)

U.S.- $43,480

(per capita)

Gross National Income

U.S.- $47,452

(per capita)

Gross Domestic Product


HDI

Which country is more developed?


Economic systems
Economic Systems

  • Capitalism (AKA, Market)

    • Private ownership of the means of production with a goal of profit

      • Resources & Factories

    • Driven by Free Market ideals

      • Distribution and cost of goods determined by supply and demand


Economic systems1
Economic Systems

  • Capitalism, cont.

    • Lassaiz-faire Capitalism

      • French for “let it be” = no government interference

      • Free from tariffs (taxes) or subsidies (government funding)

    • Welfare Capitalism

      • Production is private, but regulated

      • Protects the workers

        • Minimum wage, working conditions, social security


Economic systems2
Economic Systems

  • Planned Economy (AKA, Command)

    • Decisions regarding production and investments are in the hands of a central authority (government)

    • Central authority determines what will be produced, how much, and how much it will cost


Economic systems3
Economic Systems

  • Socialist Economy

    • Decisions regarding production and investments are in the hands of a central authority (government)

    • Central authority determines what will be produced, how much, and how much it will cost

  • How is this different than command economy?

    • Goods produced in accordance to what the people want and/or need


Economic systems4
Economic Systems

  • Communism vs. Socialism

    • While communism is an offshoot of socialism, there are key differences:

      • In socialism, the central authority monitors, making certain each person does/receives their share

      • In communism, the central authority dictates all aspects of the economy and, in practice, unequally distributes goods and services


Economic systems5
Economic Systems

  • Mixed Economy

    • Control of economy is shared between the government and private sector

    • Accumulation of profit drives economic activity

    • Government influences economy through fiscal and monetary policy

      • Fiscal: taxation and spending

      • Monetary: supply of money

    • Some sectors provided by the government

      • Welfare programs, education, healthcare


May 1 2013
May 1, 2013

  • Agenda

    • Update

    • Kiva

    • Imperialism

      • Discussion

      • Map

    • Review??



Imperialism
Imperialism

  • WHAT is imperialism?

    • Stronger nations taking control of weaker nations

  • WHO were the imperial nations?

    • Spain, France, England, United States, Japan, Germany, Holland, Portugal, & Italy

  • WHEN did imperialism occur?

    • 15th – 20th Centuries (1400-1900s)


Imperialism1
Imperialism

  • WHERE in Asia was imperialized?

    • China, India, Philippines, SE Asia

  • WHY did European imperialism accelerate in the late 1800s?

    • New tech., industrialization, safer/easier travel, larger military

  • WHAT reasons did Europe have for taking over Asia?

    • God

    • Glory

    • Gold


Imperialism2
Imperialism

  • WHAT justification did Europe have for imperialism?

    • Racism: Europeans are superior

    • White-man’s Burden

  • WHAT imperialist “footprints” remain in Asia today?


Assignment
Assignment

  • Color the map of European (and U.S.) colonies in your packet. Be sure to label the country and color the key.

    • This is due Wednesday, May 8.

  • If you would like, you may work on the study guide for the Economic Geo. Assessment on Thursday.



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