Core ideas
Development MeasuresEconomic SectorsIndustrial LocationRostowWorld-SystemsTradeGlobalizationSustainable Development
High-priority distinctions
- GDP/GNI per capita vs. HDI: income measures versus a broader composite including health and education.
- Primary, secondary, tertiary, quaternary, and quinary sectors: different types of economic activity.
- Bulk-reducing vs. bulk-gaining industries: location near inputs versus markets.
- Rostow vs. world-systems theory: staged modernization versus relationships among core, semiperiphery, and periphery.
- Outsourcing vs. offshoring: contracting work externally versus relocating activity abroad.
Apply it
Do not describe “development” with one number. Select an appropriate indicator, explain what it reveals, identify what it misses, and connect global economic changes to uneven local outcomes.