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Bell Ringer #17 – 5/10/11

Bell Ringer #17 – 5/10/11. What is population growth rate? How many times greater is the growth rate in developing nations than in most developed nations? Explain the change in control of Hong Kong. Chapters 16 & 17 Quiz (Wednesday). Bourgeoisie Proletariat Economic Development

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Bell Ringer #17 – 5/10/11

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  1. Bell Ringer #17 – 5/10/11 • What is population growth rate? • How many times greater is the growth rate in developing nations than in most developed nations? • Explain the change in control of Hong Kong.

  2. Chapters 16 & 17 Quiz (Wednesday) • Bourgeoisie • Proletariat • Economic Development • Developed Nations • Developing Nations • Arable land • Subsistence Agriculture • Rapid Population Growth • Inadequate human resources • Capital formation • 1st, 2nd, 3rd World Nations • Inadequate Infrastructure • Exportation • Political Instability • Class Structures in Developing Nations • Hong Kong

  3. Multinational Corporations • A multinational corporation is a firm that owns production facilities in 2 or more countries and markets its products worldwide. • Ex: Unilever, a Dutch MNC, owns Lipton Tea, Lever 2000 soap, Calvin Klein perfume. Operates in 88 countries!

  4. MNCs in Developing Nations • Many invest money and technology in developing nations, and may provide jobs to those who produce or sell products. • MNCs work to reduce environmental, political, or cultural risks to expand their markets.

  5. Problems w/ MNCs in Developing Nations • MNCs often pay low wages to workers in developing countries • Take job opportunities from semi-skilled workers • Use up natural resources • Majority of money is returned to large, developed nations (such as the USA)

  6. Homework • Read Ch 17, Sec 3 • Answer questions 1, 2, 3a, & 4 on page 422 • Due Thursday

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