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17 Cards in this Set
- Front
- Back
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Globalization |
The expansion of economic political and cultural process to the point that they become global and scale and impact natalie martinez |
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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 natalie martinez |
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International monetary fund |
Organization which gives loans to poor countries natalie martinez |
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Industrial |
Social and economic changes in agriculture commerce and Manufacturing that resulted from technological innovations in specialization in late 18th century Europe natalie martinez |
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Inter-model connections |
places were two or more modes of transportation meat including a road rail barge and ship natalie martinez |
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just in time delivery |
Method of inventory management made possible by efficient transportation and communication systems were by companies keep on hand just what they need for near term production natalie martinez |
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least cost theory |
model developed by Alfred Weber according to which the location of manufacturing establishments are determined by the minimization of three critical expenses labor transportation and agglomeration natalie martinez |
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Newly industrialized countries |
States that underwent industrialization after World War II and his economies have grown at rapid pace natalie martinez |
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Offshore |
with reference to production to outsourced to a third-party located outside of the country example for motor companies car parts being made in Mexico natalie martinez |
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Outsourced |
with reference to production to turn over a third-party in part or in total example outsource call center service jobs to India natalie martinez |
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Product life cycle |
The introduction growth maturation and decline of a product natalie martinez |
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Rust Belt |
The post industrial region of the north east and Midwest referring to its economic decline in population loss and urban decay due to the shrinking of its once power industrial sector natalie martinez |
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spatial fix |
The movement of production from one side to another based on the place cost advantages of the new site natalie martinez |
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Sun belt |
The south and southwest regions of the US where the climate is warm natalie martinez |
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technopole |
centers or nodes of high-tech research and activity around the high technology Corridor natalie martinez |
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vertical Integration |
ownership by the same firm of a number of companies that exist a long variety of points on a commodity chain natalie martinez |
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World trade organization |
Organization of 100 governments who work to promote free trade among member states natalie martinez |
