Economic restructuring is transforming the world economy.

A. Define and discuss the key features of the new international division of labor (aka the global division of labor)

B. Explain the impacts of the new international division of labor on the socioeconomic structure of the United States

C. Explain the impacts of the new international division of labor on the socioeconomic structure of developing countries such as Mexico, China, and India. You may use the above graph to support your answer but is not required.

According to the Rostow model, countries must move through five stages of economic development.

A. List and describe the five stages of Rostow's economic model.

i. Explain two drawbacks of Rostow's model.

B. Describe Wallerstein's World System Theory.

C. Contrast Rostow's five stages of development to Immanuel Wallerstein's Model.


A. Describe what SEZ/EPZ's are in relation to the global economy.

i. Describe a maquiladora

B. Refer to the map above to explain the spatial distribution of maquiladoras within Mexico

C. Discuss FOUR factors that explain why Mexico has emerged as an important location in the current global system of industrial organization.

The world is connected more today than ever before.

A. Define globalization.

B. Explain how time-space convergence/compression is assisting in globalization. (Barrons cards may help)

C. Define and contrast vertical and horizontal growth, using examples from the real world.