clark's sector model

Clark Sector Model

Stephanie, Joy, Yusuke, Teru

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.

Primary ActivitiesResources extracted from the earth; not processed

Secondary ActivitiesProcessed products from primary, both durable and

nondurable goods, and construction

Tertiary ActivitiesProvision of services: teachers, nurses, etc.

Quaternary ActivitiesResearch of science and technology /Levels of

decision making for society/economy

Sectors

Theoretical Clark's Sector Model

Case Study - UKDTM of

UK

CaseStudy - US

• 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

• 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• Developed in 1940's and is outdated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

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>.