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Industrialization and Economic Development

This overview explores the multifaceted aspects of industrialization and economic development, detailing the four job sectors: primary (agriculture), secondary (manufacturing), tertiary (services), and quaternary (information). It highlights the rise of the Asian Dragons—South Korea, Singapore, Taiwan, and Hong Kong—within Rostow’s Development Model. The model outlines stages from traditional society to mass consumption. Additionally, it discusses key metrics for gender empowerment and development, while distinguishing between different industrial types, transportation modes, and defining terms related to the Industrial Revolution.

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Industrialization and Economic Development

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  1. Industrialization and Economic Development Nicole, Noah, Lauran

  2. Types of Jobs Primary- Agriculture Secondary- Manufacturing Tertiary- Services Quaternary- Information Quinary- Executive

  3. Four Asian Dragons • South Korea • Singapore • Taiwan • Hong Kong

  4. Rostow’s Development Model Traditional Society- high percentage of people in agriculture Preconditions for takeoff- new technology and infrastructure Takeoff- Rapid growth in textiles and food products Drive to Maturity- more skilled and specialized workers Age of Mass Consumption- Economy switches from heavy industry to consumer goods

  5. DEFINITIONS Gender Empowerment Measure (GEM)- compares the ability of women and men to participate in economic and political decision making. Gender-Related Development Index (GDI)- Compares the level of development of women with that of both sexes.

  6. Industrial Revolution Began in the United Kingdom in the late 1700s. Began in the United States in the 1800s

  7. Bulk-gaining industry- located near the market (beverages) Bulk-reducing industry- located near the sources of output (steel)

  8. Shipping and costs Truck - short distance delivery with low costs Trains - holds more than trucks and faster delivery Ships - slower than land based but for sea based transportation Air - fastest and safest but most expensive

  9. Definitions • Industrial Revolution- Aseries of improvements in industrial technology that transformed the process of manufacturing goods. • Cottage Industry- Home-based manufacturing system. • Maquiladora- factories built by U.S. companies in Mexico near the U.S. border.

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