Terms : Hide Images
| 9608916609 | Containerization | Using standard size containers to ship goods from port to port ("the container ship is the backbone of globalization") | 0 | |
| 9608919697 | Cottage industries | Pre-industrial system where families worked together to create a component of a finished good | 1 | |
| 9608921984 | Economies for scale | Producing larger quantities of goods to generate a larger profit | 2 | |
| 9608924897 | Locational criteria | sites needed to be close to resources and connected to ports by water | 3 | |
| 9608933534 | Spillover effect | The effect an industrialized area (usually a port city) had on other areas connected to it by rivers or canals | 4 | |
| 9608933535 | Hinterland | A area from which goods can be produced | 5 | |
| 9608935757 | Connectivity | The commercial and political ties from one area to another | 6 | |
| 9608937729 | First mover advantage | he head start an area has because it industrializes before other areas (ex: Western Europe) | 7 | |
| 9608937730 | Secondary hearths | An area to which an idea diffuses, and then diffuses from that area | 8 | |
| 9608942264 | Globalization | the process by which businesses or other organizations develop international influence or start operating on an international scale. | 9 | |
| 9608942265 | Fordist | Method of mass production that existed between 1945 to 1970; characterized by assembly lines, machines, and unskilled workers | 10 | |
| 9608947720 | Vertical integration | A type of production where a corporation owns, operates, and coordinates all the resources used to generate their product | 11 | |
| 9608947721 | Friction of distance | The increase in time and cost that comes with increased distance over which commodities must travel | 12 | |
| 9608953177 | Distance decay | Distance decay is a geographical term which describes the effect of distance on cultural or spatial interactions. The distance decay effect states that the interaction between two locales declines as the distance between them increases. | 13 | |
| 9608961400 | Location theory | A logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated | 14 | |
| 9608961401 | Least cost theory | Weber's theory that factory owners desired to minimize costs in three areas: transportation, labor, and agglomeration | 15 | |
| 9608966844 | Agglomeration | Similar industries clustered together, usually to take advantage of shared facilities, services, and facilities | 16 | |
| 9608966845 | Flexible production | Post-Fordist production model in which the compoents of goods are made in different places around the globe and then brought together as need to assemble the final product | 17 | |
| 9608971437 | Commodification | Goods that were not previously bought, sold, and traded gain a monetary value and are bought, sold, and traded on the market | 18 | |
| 9608973748 | Product life cycle | The introduction, growth, maturation, and decline of a product | 19 | |
| 9608976749 | Global division labor | Phenomenon whereby corporations (usually in the core) can draw from labor markets around the world (usually in the periphery or semi-periphery), made possible by compression of time and space by communication and transportation systems | 20 | |
| 9608978477 | Time space compression | Space time compression is the increasing sense of connectivity that seems to be bringing people closer together even thought their distances are the same. Space time compression is the solution to distance decay because technology (internet,cell phones) is allowing us to communicate more across longer distances. | 21 | |
| 9608978478 | Just in time delivery | Companies keep only the components they need for short term production and new parts are shipped quickly as needed. | 22 | |
| 9608983713 | Spatial fix | The movement of production from one site to another based on the place-based cost advantages of the new site. | 23 | |
| 9608983714 | Node | a point at which lines or pathways intersect or branch; a central or connecting point. | 24 | |
| 9608985865 | Commodity chain | Series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market. | 25 | |
| 9608985866 | Outsourcing | An umbrella term for globalized production in which a defined segment of the commodity chain is contracted abroad | 26 | |
| 9608991427 | Intermodal Connections | Places where two or more modes of transportation meet (air, road, rail, barge, and ship) deindustrialization | 27 | |
| 9609001113 | Deindustrializations | A process by which companies move industrial jobs to other regions, leaving the newly deindustrialized region to work through a period of high unemployment and, if possible, switch to a service economy | 28 | |
| 9609003874 | Break of bolt point | Where goods are transferred from one mode of transport to another | 29 | |
| 9609003875 | Rust belt | The former industrial zone of the Northeastern U.S., that evokes images of long-abandoned, rusted-out factories | 30 | |
| 9609006577 | Sun belt | Former industrial area of the South that has successfully made the transition to a service economy | 31 | |
| 9609009522 | High technology corridor | An area designated by local or state government to benefit from lower taxes and high-technology infrastructure, with the goal of providing high-tech jobs to the local population | 32 | |
| 9609013488 | Growth pole | The clustering of high technology corporations in one area that also caused economic growth in the entire area (Silicon Valley) | 33 | |
| 9609019828 | Technopole | An area planned for high technology where agglomeration built on a synergy among technological companies occurs (Silicon Valley, Route 128 Corridor in Boston) | 34 |
