Terms : Hide Images
| 9146259533 | agglomeration | A progress involving the clustering or concentrating of people or activities. Ex: manufacturing plants Connection: Capitalism | 0 | |
| 9146259534 | Alfred Weber | The economic geographer who devised the least cost theory |  | 1 |
| 9146259535 | Asian Tigers | Hong Kong, Singapore, South Korea and Taiwan | 2 | |
| 9146259536 | break-of-bulk | A location where a transfer is possible to form one mode of transportation to another Ex: | 3 | |
| 9146259537 | BRICs | Major emerging economic powers: Brazil, Russia, India, China, and South Africa Ex: Brazil and Russia provide raw materials Connection: | 4 | |
| 9146259538 | bulk-gaining industries | An industry in which the final product weighs more or comprises a greater volume than the inputs Ex: Located close to market Connection: Antonym is Bulk- reducing industry | 5 | |
| 9146259539 | bulk-reducing industries | An industry in which the final product weighs less or comprises a lower volume than the inputs Ex: Needs to be close to inputs (Copper Industry) | 6 | |
| 9146259540 | capitalist world economy | Profit-oriented global economy based on production for sale Ex: U.S. Connection: Capitalism | 7 | |
| 9146259541 | compressed modernity | A civilizational condition in which economic, political, social and/or cultural changes occur in an extremely condensed manner in respect to both time and space Ex: South Korea Connection: Demographic Transition Model | 8 | |
| 9146259542 | conglomerate corporations | A conglomerate is the combination of two or more corporations engaged in entirely different businesses that fall under one corporate group, usually involving a parent company and many subsidiaries. Ex: Johnson and Johnson or General Electric Connection: Capitalism | 9 | |
| 9146259543 | cottage industry | Manufacturing based in homes rather than in factories, most common to the Industrial Revolution Ex: Making scarves at home and selling them at the market Connection: Industrial Revolution | 10 | |
| 9146259544 | deglomeration | The process of industrial deconstruction in response to technological advances and/or increasing costs due to the congestion and competition Ex: Not needing as many factories due to the fact new tech makes production faster Connection: Industrial Revolution | 11 | |
| 9146259545 | deindustrialization | A decline in industrial activity in a region or economy Ex: Declining industrial activity in some regions of PA in the East Coast Connection: Deglomeration | 12 | |
| 9146259546 | dependency theory | A structuralist theory that offers a critique of the modernization model. Based on the certain types of political and economic relations between counties and regions of the world have created arrangements that both control and limit the extent to which regions can develop Ex: Colonization of Africa hindered the development of the region Connection: Modernization Model | 13 | |
| 9146259547 | economic development | The process by which a nation improves the economic, political, and social well-being of its people Ex: Providing health care, food stamps Connection: Economic Development is increased as a country progresses along the DTM | 14 | |
| 9146259548 | economic geography | the study of the location, distribution and spatial organization of economic activities across the world Ex: Economic activities are situated along coastines Connection: Five Themes Georgraphy | 15 | |
| 9146259549 | economic sectors | Sectors of an economy broken down by population engaged and the activity in the sector Ex: primary, secondary, tertiary, quaternary, quinary Connection: Economic Geography | 16 | |
| 9146259550 | Immanuel Wallerstein | an American sociologist, historical social scientist, and world-systems analyst, arguably best known for his development of the general approach in sociology which led to the emergence of his world-systems approach Ex: World Systems Theory |  | 17 |
| 9146259551 | export processing zones (EPZs) | Zones established by many countries in the periphery and semi-periphery where they offer favourable tax, regulatory and trade agreements to attract foreign trade and investment | 18 | |
| 9146259552 | export-oriented industrialization | Economic development strategy which emphasizes production for export Ex: Hong Kong |  | 19 |
| 9146259553 | fair trade | trade in which fair prices are paid to producers in developing countries and provides greater equality and justice to the workers Ex: Fair Trade Coffee from Starbucks |  | 20 |
| 9146259554 | FDI | An investment made by a foreign company into the economy of another country Ex: Johnson and Johnson investing in India Connection: World Bank | 21 | |
| 9146259555 | female labor force participation rate | The percentage of women holding full-time jobs outside the home Ex: Women working as full-time engineers Connection: Mirocredit Program | 22 | |
| 9146259556 | footloose industry | Industry not bound by locational constraints and able to choose to locate wherever it wants. Ex: Moving factories where ever the company wants Connection: Capitalist Economy | 23 | |
| 9146259557 | Fordist Production | A form of mass production in which each worker is assigned one specific task to perform repeatedly. Example: Assembly Line production |  | 24 |
| 9146259558 | formal economy | the legal economy that governments tax and monitor Ex: going to the grocery store or mall for clothes Connection: Informal economy | 25 | |
| 9146259559 | friction of distance | The increase in time and cost that usually comes with increasing distance Ex: Transportaion cost Connection: Von Thunen Model | 26 | |
| 9146259560 | GDP | Gross Domestic Product or the total value of all final goods and services produced in a country during a single year Ex: all of the watermelons sold Connection: formal economy | 27 | |
| 9146259561 | GII | Gender Inequality Index. A measure of the extent of each country's gender inequality. Ex: Men are more likely to hold jobs outside the home Connection: United Nations | 28 | |
| 9146259562 | GNI | GDP plus the net income earned from investments abroad Ex: all of the watermelons sold abroad plus those sold at home Connection: Formal economy | 29 | |
| 9146259563 | greenhouse effect | The warming that results when solar radiation is trapped by the atmosphere Ex: Carbon Dioxide Connection: Millenium Development Goals | 30 | |
| 9146259564 | growth pole | The concentration of businesses that spurs economic development in the surrounding areas. Ex: Several businesses relocating their headquarters to Chicago Connection: Agglomeration | 31 | |
| 9146259565 | HDI | Huma Development index is a measure of a country's standard of living, including health and education Ex: 0.920 for the US Connection: Demographic Transition Model | 32 | |
| 9146259566 | Industrial Revolution | The transformation from an agricultural to an industrial nation that was a period from about 1760 to sometime between 1820 and 1840. Ex: Utilizing steam power Connection: Green Revolution | 33 | |
| 9146259567 | industrialization | Development of a system which supports machine production of goods Ex: Factory farming Connection: moderization model | 34 | |
| 9146259568 | informal economy | The part of the economy in which goods and services are exchanged outside of government control Ex: Owning a private garden, drug trade Connection: Formal Economy | 35 | |
| 9146259569 | Infrastructure | Underlying foundation on which a community or nation depends Ex: Roads and highways |  | 36 |
| 9146259570 | international division of labor | The spatial shift of manufacturing industries from advanced capitalist countries to developing countries Ex: Moving businuesses from Us to Mexico Connection: Caplitalizim | 37 | |
| 9146259571 | island of development | Place built up by a government or corporation to attract foreign investment Ex: A city that has riches |  | 38 |
| 9146259572 | James Watt | Improved steam engine Ex: Took the Newcomen steam engine and made improvements to make it his Watt steam engine |  | 39 |
| 9146259573 | Kanto Plain | The largest lowland of Japan, which extends from the Japanese Alps east to the Pacific. Ex: flats plains in central Honshu |  | 40 |
| 9146259574 | labor intensive industries | An industry in which intensive labor is needed to produce a final product Ex: Coffee insdudtry |  | 41 |
| 9146259575 | LDC | A country that is at a relatively early stage in the process of economic development Ex: Yemen Connection: Deveoping Transition Model | 42 | |
| 9146259576 | least cost theory | The theory that argues firms seek a site of minimum transport and labour cost Ex: Moving production to places where labor is cheaper Connection: Labor intensive industries | 43 | |
| 9146259577 | location theory | Predicting where businesses will or should be located Ex: Moving businesses to places where they should flourish Connection: Least Cost Theory | 44 | |
| 9146259578 | locational interdependence theory | the influence on a firm's locational decision by locations chosen by its competitors Ex: Locating In another part of town awat from competators Connection: Least Cost Theory | 45 | |
| 9146259579 | maquiladora district | A district in northern Mexico that import good from the US and then ships them back Ex: Moving my manufacturing businuess to the maquiladora district to make use fo the cheap labor Connection: Labor Intensive | 46 | |
| 9146259580 | MDC | A country that has progressed relatively far along a continuum of development (More Developed Countries) Ex: United Staes Connection: LDC | 47 | |
| 9146259581 | Meiji Restoration | The modernization and industrialization of Japan in the 1800's Ex: an event that restored practical imperial rule to Japan in 1868 under Emperor Meiji Connection: Industrial Revoltion | 48 | |
| 9146259582 | Micro Finanace | Type of banking service that is provided to unemployed or low-income individuals or groups who otherwise have no other access to financial services Ex: Taking out a loan to help start a business Connection: LDC | 49 | |
| 9146259583 | modernization model | Model of economic development maintains that all countries go through five stages of development created by Walter Rostow Ex: Stage 1 is traditional society |  | 50 |
| 9146259584 | NAFTA | North American Free Trade Agreement; allows open trade with US, Mexico, and Canada Ex: Not putting tariffs on Canadian steel |  | 51 |
| 9146259585 | new international division of labor | A recent phenomenon in which the production process transcends international boundaries Ex: skilled jobs being moved to LDC Connection: International division of labor | 52 | |
| 9146259586 | NIC | Newly Industrialized Country Ex: A country that goes along the modernization model in the fourth stage Connection: Modernization Model | 53 | |
| 9146259587 | Northeast District (China) | Manchuria, centered on the region's coal and iron deposits near the city of Shenyang Ex: coal is fuel for the world Connection: maquiladora district | 54 | |
| 9146259588 | Oligarchs (Japan) | Meiji oligarchy during the Meiji Revolution Ex: extraconstitutional oligarchy that dominated the Japanese government from the promulgation of the Meiji Constitution (1889) to the early 1930s Connection: Meiji Revoltuion | 55 | |
| 9146259589 | outsourcing | hiring workers in other countries to do a set of jobs Ex: hiring workers in India to make cloths Connection: maquiladora district | 56 | |
| 9146259590 | Pacific Rim | an economic and social region including the country's surrounding the pacific ocean Ex: Japan, China Connection: Asian Tigers | 57 | |
| 9146259591 | post-fordist production | Adoption by companies of flexible work rules ex: not working in lines performing the same monotonous task over and over |  | 58 |
| 9146259592 | post-industrial societies | Societies where technology supports a Service-and-Information based economy ex: Working as a Lawyer Conneciont: Modernization Model | 59 | |
| 9146259593 | potential reserve | The amount of a resource in deposits not yet identified but thought to exist Ex: There were potential oil reserves in Alaska Connetion: Proven reserve | 60 | |
| 9146259594 | proven reserve | The amount of a resource available in discovered deposits Ex: thousands of gallons in reserve Connection: Potential reserve | 61 | |
| 9146259595 | Rostow's Stages | 1.Traditional Stage 2. Take-off Stage 3. Drive to Technological Maturity 4. High Mass Consumption Ex: hunting and gathering Connection: Modernization Model | 62 | |
| 9146259596 | Rust Belt | Northeastern and midwestern states of US in which heavy industry has declined Ex: Detroit |  | 63 |
| 9146259597 | secondary industrial region | Where agglomeration is somewhat less, but still significant and makes products that are more likely to be consumed by individuals Ex: creating clothes Connection: Industrial Sector | 64 | |
| 9146259598 | single market manufacturers | located near the market--save money on transportation, aka products sold primary in one location Ex: Farmer's Market Connection: Von Thunen City Model | 65 | |
| 9146259599 | site factors | Particular to a geographic location and focus on varying costs of land, labor, and capital Ex: Land quality Connection: industry | 66 | |
| 9146259600 | situation factors | location factors related to the transportation of materials into and from a factory Ex: producing overseas and using ships to ship materials Connection: Site Factors, Von Thunen Model | 67 | |
| 9146259601 | Special Economic Zones | Zones designed to attract foreign companies and investment to areas of China Ex: Xiamen in Fujian Province Connection: Asian Tigers | 68 | |
| 9146259602 | substitution principle | The idea that you can overcome transportation costs if you decrease land rents or labor costs Ex: relocate shop to a place where you can pay people less for the same work Connection: Least Cost Theory | 69 | |
| 9146259603 | Sun Belt | The South and Southwest regions of the United States Ex: Florida |  | 70 |
| 9146259604 | sustainable development | Economic development that is conducted without depletion of natural resources Ex: planting a tree for everyone that you cut down Connection: sustainable agriculture | 71 | |
| 9146259605 | technopole | Areas devoted to research, development, and sale of high technology products Ex: Silone Valley |  | 72 |
| 9146259606 | trading blocs | Groups of countries with formalized systems of trading agreements Ex: NATO Connection: NAFTA | 73 | |
| 9146259607 | transnational corporations | Business corporations located in two or more countries Ex: Vodaphone Connection: technopole | 74 | |
| 9146259608 | value added productivity | The gross value of the product minus the costs of raw materials and energy Ex: costs you $2 to make product and you seel it for $5 Connection: Profit | 75 | |
| 9146259609 | variable revenue analysis | Firm's ability to capture a market that will earn it more customers and money than its competitors Ex: marketing techques Conneciont: value added productivity | 76 |
