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BCOR Module 7 Questions and Correct Answers 2024/2025 | Graded A+
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BCOR Module 7 Questions and Correct Answers 2024/2025 | Graded A+
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BCOR Module 7Developed Country - ANS- Economies are highly progressed, strong technological infrastructure
and industrialization
- High per capita income, high human development index, etc.
- Consumertopia, SelfieNation
Developing Country - ANS- Low industrialization
- Low human development index, low per capita income, etc.
- Leguppland, Emergentia
Emerging Country - ANS- Some characteristics of a developed market, but does not meet
standards to be a developed
market
- CanTasteItIa, Subsistland
Spindle, Agarwal (How Cashews Explain Globalization) - ANS- Cultivated in Brazil, exported by
Portugal and commercialized by, America, the snack enriched India —until Vietnam took over
- When Vietnam decided to automate their cashew processing industry, number of jobs
decreased—but those that remained were better and higher paying
Manjoo (How to make America's Robots Great Again) - ANS- US has hit manufacturing record
thanks to Chinese automation
- China has world's largest market for industrial robots
- more investments being made in China; US is lagging behind and could result in US
manufacturing jobs being offshored
- solution: US should invest more in robots, resurge robot revolution through govt funding
Poverty, Inc. Video - ANS- global poverty industry: wide range of money-making activities that
attract a large portion of their business from the poor because they are poor
- good intentions by outsiders can in many cases make the problem worse
- some aid organizations may actually be cashing in on their concern
- problem: few pause to think what happens after they've written the check
- solution: training and help building connections to the world market could empower a way out
Paternalism - ANSwhen Westerners step in to patronize the poor, it creates a system of
dependence in which the so-called Third World finds it difficult to rise above their circumstances
Colonialism - ANSattempts of a country to establish settlements and impose political, economic,
and cultural principles in another territory
"Planet Money Makes a T-Shirt" - ANSexternalities
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