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Barrons Chapter 6


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the dispersal of an industry that formerly existed in an established agglomeration
manufacturing region
a region in which manufacturing activities have clustered together. the major US industrial region has historically been in the Great Lakes, which includes the staes of Michigan, Illinois, Indiana, Ohio, New York, and Pennsylvania. industrial regions also exist in southeastern Brazil, central England, around Tokyo, Japan, and elsewhere
gender equity
a measure of the opportunities given to women compared to men within a given country
web-based economic activities
quaternary economic activities
economic activities concerned with research, information gathering, and administration
tertiary economic activities
activites that provide the market exchange of goods and that bring together consumers and providers of servies such as retail, transportation, government, personal, and professional services
countries that usually have low levels of economic productivity, low per capita incomes, and gernerally low standards of living. includes Africa (cept for south), parts of Soth America, and Asia
foreign investment
overseas business investments made by private companies
world-systems theory
theory developed by Immanuel Wallerstein that explains the emergence of a core, periphery, and semi-periphery in terms of economic and political connections first established at the beginning of exploration in the late 15th century and maintained through increased economic access up until the present
a measure of the goods and services produced within a particular country
spatially variable costs
an input cost in manufacturing that changes significantly from place to place in its total amount and in its relative share of total costs
process of industrial development in which countries evolve economically, from producing basic, primary goods to using modern factories for mass-porducing goods. at the highest levels of development, national economies are geared mainly toward the delivery of services and exchange of information
industrial revolution
the rapid economic and social changes in the manufacturing that resulted after the introduction of the factory system to the textile industry in England at the end of the 18th century
national or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated
slow world
the developing world that does not experience the benefits of high-speed telecommunications and transportation technology
the process by which specific regions acquire characteristics that differentiate them from others within the same country. in economic geography, this involves the development of dominant economic activities in particular regions
sustainable development
the idea that ppl living today should b able to meet their needs without prohibiting the ability of future generations to do the same
net national product
a measure of all goods and services produced by a country in a year, including production from its investments abroad, MINUS the loss or degradation of natural resource capital as a result of productivity
purchasing power parity
a monetary measurement of development that takes into account what money buys in different countries
conglomerate corporation
a firm that is comprised of many smaller firms that serve several different functions
system of standardized mass production attributed to Henry Ford
ancillary activities
economic activities that surround and support largescale industires such as shipping and food service
human-centered; in sustainable development, reffering to ideas that focuz solely on the needs of people without considering the creatures with whom we share the planet or the ecosystem upon which we depend
human development index
measure used by the united nations that calculates development not in terms of money or productivity but in terms of human welfare. the HDI evaluates human welfare based on three parameters: life expectancy, education, and income
export-processing zone
areas where governments create favorable investment and trading conditions to attract export-oriented industries
grouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources
transnational corporation
a firm that conducts business in at least 2 separate countries; aka multinational corporations
least-cost theory
a concept developed by Alfred Weber to describe the optimal location of a manufacturing establishment in relation to the costs of transport and labor, and the relative advantages of agglomeration or deglomeration
core-periphery model
a model of the spatial structure of development in which underdeveloped countries are defined by their dependence on a developed core region
footloose firms
manufacuturing activities in which cost of transporting both raw materials and finished product is not important for determining the location of the firm
the process of economic growth, expansion, or realization of regional resource potential
the idea that the world is becoming increasingly interconnected on a global scale such that the smaller scales of political and economic life are becoming obsolete
those US firms that have facotires just outside the US/Mexican border in areas that have been specially desiganated by the Mexican government. in such areas, facotires cheaply assemble goods for export back into the US
loss of the industrial activity in a region
fast world
areas of the world, usually the economic core, that experience greater levels of connection due to high-speed telecommunications and transportation technologies
offshore financial center
areas that have been specially designed to promote business transactions, and thus have become centers for banking and finance
rust belt
the manufacturing region in the US that is currently debilitated because many manufacturing firms have relocated to countries offering cheaper labor and relaxed environmental regulations
those newly industrialized countries with median standards of living, such as Chile, Brazil, India, China, and Indonesia. these countries offer their citizens relatively diverse economic opportunities but also have extreme gaps between rich and poor
primary economic activities
economic activities in which natural resources are made available for use or further processing, including mining, agriculture, forestry, and fishing
gross domestic product
the total value of goods and services produced within the borders of a country during a specific time period, usually one year
brick-and-mortar business
traditional businesses with actual stores in which trade or retail occurs; it does NOT exist solely on the internet
backwash effect
the negative effects on one region that result from economic growth within another region
economic backwaters
regions that fail to gain from national economic development
least-developed countries
those countries including countries in Africa, except for South Africa, and parts of South America and Asia, that usually have low levels of economic productivity, low per capita incomes, and generally low standards of living
spatially fixed costs
an input cost in manufacturing that remains constant whereever production is located
industrialized countries
those countries including Britain, France, the US, Russia, Germany, and Japan, there were all the forefront of industrial production and innovation through the middle of the 20th century. while industry is currently shifting to other countries to take advantage of cheaper labor and more relaxed evironmental standards, these countries still account for a large portion of the world's total industrial output
gross national product
the total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year
rostow's stages of development
a model of economic development that describes a country's progression which occurs in five stages transforming them from least-developed to most-developed countries
service-based economies
highly developed economies that focus on research and development, marketing, tourism, sales, and telecommunications
world cities
a group of cities that form an interconnected, internationally dominant system of global control of finace and commerce
specialty goods
goods that are not mass-produced but rather assembled individually or in small quantities
secondary economic activities
economic activities concerned with the processing of raw materials such as manufacturing, construction, and power generation

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