Economic Development Paths and Strategies

The video tutorial by Sophia from We Learn to Share covers two main development paths: self-sufficiency and international trade, as discussed in AP Human Geography Chapter 10. The self-sufficiency path, exemplified by India, focuses on domestic production and import barriers. In contrast, the international trade path, illustrated by the Four Dragons (South Korea, Singapore, Taiwan, and Hong Kong), emphasizes developing unique economic assets for global markets. The video highlights the advantages and disadvantages of each path, noting the shift towards international trade in the late 20th century.

What were the two main development paths discussed in the 20th century?

• Self-sufficiency and international trade

• Industrialization and urbanization

• Globalization and localization

• Privatization and nationalization

Which country is highlighted as an example of the self-sufficiency path?

• China

• India

• Brazil

• Russia

What was a major strategy used by India to limit foreign goods?

• Currency devaluation

• Import licenses

• Export incentives

• Free trade agreements

What is one of the key elements of the self-sufficiency path?

• Balanced growth

• Export growth

• Technological innovation

• Cultural exchange

What is the goal of the international trade path?

• To develop unique economic assets

• To reduce labor costs

• To increase domestic consumption

• To isolate from global markets

Which of the following is NOT one of the Four Dragons?

• Taiwan

• Japan

• Singapore

• South Korea

What did the Four Dragons focus on to support their growth?

• Agriculture

• Manufactured items

• Tourism

• Natural resources

Why were the Four Dragons able to offer products at low cost?

• Advanced technology

• Low labor expenses

• Strong currency

• High natural resources

What is a significant advantage of international trade in today's world?

• Isolation from global markets

• Increased import taxes

• Higher domestic prices

• Access to a larger market

Which development path is considered more effective in the modern global economy?

• Protectionism

• Self-sufficiency

• International trade

• Isolationism