Terms : Hide Images
| 13523830615 | Imperialism | A policy of extending a country's power and influence through diplomacy or military force. | 0 | |
| 13523830616 | substitution principle | In industry, the tendency to substitute one factor of production for another in order to achieve optimum plant location. | 1 | |
| 13523830617 | Post-Fordism | Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks. | 2 | |
| 13523830618 | Quaternary Sector | Service sector industries concerned with the collection, processing, and manipulation of information and capital. Examples include finance, administration, insurance, and legal services. | 3 | |
| 13523830619 | Quinary Sector | Service sector industries that require a high level of specialized knowledge or technical skill. Examples include scientific research and high-level management. | 4 | |
| 13523830620 | Least Cost Theory | Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration. | 5 | |
| 13523830621 | agglomeration economies | (syn. external economies) The savings to an individual enterprise derived for locational association with a cluster of other similar economic activities, such as other factories or retail stores. | 6 | |
| 13523830622 | locational triangle | A simple graphic model in Weberian analysis to illustrate the derivation of the least-transport-cost location of an industrial establishment. | 7 | |
| 13523830623 | locational interdependence | Theory that industries choose locations based on where their competitors are located. | 8 | |
| 13523830624 | Complementarity | when both parties have goods or services that the other party desires | 9 | |
| 13523830625 | Trading blocs | groups of countries with formalized systems of trading agreements | 10 | |
| 13523830626 | NICs (Newly Industrialized Countries) | Countries that have recently industrialized and have seen improvements in living standards and income. Living standards, while improved, are still not at level of the economic core, or more developed countries. Includes BRICS and several other rapidly developing countries. Similar concept to semi periphery. | 11 | |
| 13523830627 | New international division of labor | Selective transfer of skilled jobs in MDCs to LDCs that still allow skilled jobs to exist in MDCs | 12 | |
| 13523830628 | EPZs export processing zone | zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment | 13 | |
| 13523830629 | Corporate Parks/Business Parks | Groupings of office buildings - seen more now than industrial parks | 14 | |
| 13523830630 | Technopole | Centers or nodes of high-technology research and activity around which a high-technology corridor is sometimes established. | 15 | |
| 13523830631 | Growth Poles/Growth Centers | *Another name for a technopole *A hub for information-based industry and high-tech manufacturing *Allows for benefits such as the possible sharing of certain services and attracting highly skilled workers to the area *Often located near universities well known for their computer, mathematics, engineering, science, and entrepreneurial business faculties *The concentration of high-value economic development attracts even more comic development | 16 | |
| 13523830632 | spin-off benefits | Positive outcomes in addition to the main outcome | 17 | |
| 13523830633 | Backwash effect | The negative effects on one region that result from economic growth within another region. | 18 |
