Clark's Sector Model

Clark's Model is an Economic theory/hypothesis that provides a description of three type of activities (Primary Sector, Secondary Sector, Tertiary Sector, Quaternary/Quinary Sector) essential to all societies

1. Clark Sector Model Stephanie, Joy, Yusuke, Teru

2. What is the Clark Sector Model? Economic theory/hypothesis that provides a description of three type of activities (Primary Sector, Secondary Sector, Tertiary Sector, Quaternary/Quinary Sector) essential to all societies.

3. Primary Activities Resources extracted from the earth; not processed Secondary Activities Processed products from primary, both durable and nondurable goods, and construction Tertiary Activities Provision of services: teachers, nurses, etc. Quaternary Activities Research of science and technology /Levels of decision making for society/economy Sectors

4. Theoretical Clark's Sector Model

5. Case Study - UK DTM of UK

6. CaseStudy - US

7. Able to Explain the process of urbanization, industrialization Economic development of a nation can be well modelled Shows how there is more than one path to development Strengths

8. Assumption that development is linear Developed in 1940's and is outdated Only takes into account "MEDC"s (that can have different sectors. e.g: some countries have poorer secondary sectors, etc) Not valid due to Interdependency - raw materials usage is not equal and Fair amongst nations Model doesn't include the international economic context such as imported manufactured goods Weaknesses

9. Sources " Clark Fisher Model." Slideshare . N.p ., n.d . Web. 08 Oct. 2012. <http:// www.slideshare.net/fozzie/clark -fisher-model> . "Peak Employment." Peak Employment . N.p ., n.d . Web. 08 Oct. 2012. <http://www.streettalklive.com/off-the-street/1028-peak-employment-.html>. Seehorn , Ashley. "3 Sector Models of Economics." EHow . Demand Media, 04 Feb. 2011. Web. 08 Oct. 2012. <http://www.ehow.com/info_7894453_3-sector-models-economics.html>. " 3 Sector Models of Economics." EHow.co.uk . N.p ., n.d . Web. 08 Oct. 2012. <http://www.ehow.co.uk/info_7894453_3-sector-models-economics.html> .