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24 Cards in this Set
- Front
- Back
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Technopole |
centers or nodes of high tech research and activity around the high-technology corridor |
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Fordist |
highly organized and specialized system or organizing industrial production and labor. Named after automobile producer Henry Ford, Fordist production features assembly line production of standardized components for mass consumption |
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Growth Pole |
...a point of economic growth, usually an urban location, benefiting from agglomeration economies, and interacting with surrounding areas spreading wealth from the core to the periphery. |
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Friction of Distance |
...increase in time and cost that usually comes with increasing distance |
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Rust Belt |
...the post-industrial region of the Northeast and Midwest, referring to its economic decline, population loss, and urban decay due to the shrinking of its once powerful industrial sector. |
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Sun Belt |
...The South and Southwest regions of the U.S. where the climate is warm |
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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 |
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Break-or-bulk Theory |
...location along a transport route where goods must be transferred from one carrier to another. In a port, cargoes of ships are unloaded and put on trains and trucks for inland distribution |
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Agglomeration |
...process involving the clustering or concentrating of people/activities. often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities |
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Outsourced |
...with reference to production, to turn over to a third party in part or in total. Ex: outsource call-center service jobs to India |
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Deindustrialization |
...a phenomenon characterized by a share of total employment falling dramatically in more-developed countries |
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Global Division Of Labor |
Phenomenon whereby corporations and others can draw from labor markets around the world |
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Industrialization Revolution |
Social and economic changes in agriculture, commerce and manufacturing that resulted from technological innovations and specialization in late-eighteenth-century Europe. |
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Globalization |
The expansion of economic, political, and cultural processes to the point that they become global in scale and impact. |
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Vertical Integration |
Ownership by the same firm of a number of companies that exist along a variety of points on a commodity chain |
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Flexible Production System |
A system of industrial production characterized by a set of processes in which the components of goods are made in different places around the globe and then brought together as needed to meet consumer demand |
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Commodifcation |
The process through which something is given monetary value |
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Product Life Cycle |
The introduction, growth, maturation, and decline of a product |
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Just-in-time delivery |
Method of inventory management made possible by efficient transportation and communication systems, whereby companies keep on hand just what they need for near-term production |
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Spatial Fix |
The movement of production from one site to another based on the place-based cost advantages of the new site |
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Offshore |
With reference to production, to outsource to a third party located outside of the country. Ex: Ford Motor Company's car parts being made in Mexico |
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Intermodal Connections |
Places where two or more modes of transportation meet (including air, road, rail, barge, and ship) |
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Newly Industrializing Countries |
states that underwent industrialization after World War II and whose economies have grown at a rapid pace |
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World Trade Organization |
Organization of 100+ governments who work to promote freer trade among member states |
