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Economic Geography

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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Economic Geography

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  1. Social Studies Core-9, Spring 2014 Economic Geography

  2. Development Analysis • Which is the most developed? • Which is the least developed?

  3. Economic Terms • Economy • Production, distribution, and consumption of goods • Economic System • The method used to organize production, distribution and consumption

  4. Economic Terms • Infrastructure • Gross Domestic Product (GDP) • GDP per capita

  5. HDI • Human Development Index • Combines four pieces of data into one comprehensive indicator of social and economic development

  6. 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

  7. HDI Which country is more developed?

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. May 1, 2013 • Agenda • Update • Kiva • Imperialism • Discussion • Map • Review??

  15. Fair Trade v. Multinationals

  16. 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)

  17. 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

  18. Imperialism • WHAT justification did Europe have for imperialism? • Racism: Europeans are superior • White-man’s Burden • WHAT imperialist “footprints” remain in Asia today?

  19. 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.

  20. Back

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