1. Rostow and Wallerstein
AP Human Geography
Industrialization and Economic Development Unit

2. For today, 02/16
You will be taking notes over the economic theories of Rostow and Wallerstein.
This was the topic of an FRQ in 2013.

3. Theories of Industrialization and Economic Development
Walt Whitman Rostow
Immanuel Wallerstein
Theories of Industrialization and Economic Development

5. What is the author of this cartoon trying to say?
Socrative: Room
What is the author of this cartoon trying to say?

6. North and South Divide

7. North Polar Projection
Core Areas vs. Periphery Areas
On a north polar projection, LDCs appear to be in peripheral (outer lying areas) and the core (middle) is dominated by MDCs.

8. W.W. Rostow’s Model of Development
Development and modernization occurs in steps linearly due to increased levels of investment.

9. The Traditional Society
High percentage of people in agriculture
Limited technology
Much of country’s wealth allocated to “nonproductive” activities such as military and religion

10. The Preconditions for Takeoff
Elitist groups initiates economic activities
Investment in new tech and infrastructure, which will increase productivity

11. The Takeoff Rapid growth in a few economic activities
Revolutionary changes in agriculture and industry

12. The Drive to Maturity Modern technology diffuses to many industries
Skilled and specialized workers

13. The Age of Mass Consumption
Most people are prosperous – have income to consume massive quantities of “crap” and pay for essentials
Economy shifts from industry to production of consumer goods

14. Sector’s of Rostow’s Model

15. Wallerstein’s World-Systems Theory aka Core-Periphery Model:
Main Ideas:
1.) The world economy has one market and a global division of labor
2.) Although the world has multiple states, almost everything takes place within the context of the world economy
3.) The world economy has a three-tier structure
World Economy created by the 3 Cs:
1.) Capitalism – people, corporations, and states produce goods and services and exchange them in the world market, with the goal of achieving profit.
2.) Commodification – the process of placing a price on a good and then buying, selling, and trading the good.
3.) Colonialism – brought the world into the world economy, setting up an interdependent global economy.

16. Wallerstein’s World Systems Theory aka Core-Periphery Model
Processes that incorporate higher levels of education, higher salaries, and more tech
* Generate more wealth in the world economy
Periphery
Processes that incorporate lower levels of education, lower salaries, and less tech
* Generate less wealth in the world economy
Semi-periphery
Places where core and periphery processes are both occurring - are exploited by the core but then exploit the periphery
* Serves as a buffer between core and periphery
THIS MODEL IS BASED ON DEPENDENCY THEORY!

17. Wallerstein’s Core, Periphery, and Semi-periphery:
Identify 3 core states.
Identify 3 semi-periphery states.
Identify 3 periphery states.