HDI: More Developed, Less Developed, Newly Industrializing, composite statistic used to rank countries by level of "human development.“, a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide., Rostow: Take off (industrializing), Drive to Maturity (industrializing), High Mass Consumptions (MDC), Traditional (LDC), Transitional (LDC), Wallerstein: Core, Semi-Periphery, Periphery, Explains the Global Division of Labor, Periphery extracts raw materials, Semi-periphery manufactures into finished goods, and the Core consumes the products and sells them back to the others., Economic Sectors: Primary (Extractive), Secondary (Manufacturing), Tertiary (Service Sector), Quaternary (Knowledge-Based), Quinary (Policy & Research), Weber's Least Cost Theory: Bulk-Gaining, Bulk-Reducing, Explains where a factory should go., Closest to market = bulk gaining, Closest to raw materials = bulk reducing,

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