Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
21 Cards in this Set
- Front
- Back
|
Internationalization
|
The # of connections between one nation state and all other nation states
|
|
|
Globalization
|
Qualitative changes in the functional integration among different nation states
|
|
|
Modernisation
|
An interlocking set of social, economic, political and cultural processes and relationships associated with the European view of a modern society (C17-C20)
|
|
|
Modernity
|
Refers to the historic era of the modern
|
|
|
Modernism
|
Art and culture of the modern period
|
|
|
Walt Rostow's 5 Stages of Economic Growth
|
1. Traditional Society
2. Transitional Stage 3. Take Off 4. Drive to Maturity 5. High Mass Consumption |
|
|
Criticism of the Modern Project
|
- Progress
- Democracy - Rising Standard of Living - Dysfunctional Societies - Abuse of Nature |
|
|
Globalisation: The Broad Version
|
Increasing flows between nations and greater global integration
(Ex. Flow of ideas, goods, capital, people and power) |
|
|
Globalisation: The Narrow Version
|
The current phase of economic modernisation; neo-liberal economic philosophy
(Ex. efficiency vs. equity, sustainability) |
|
|
4 Approaches to Human Geography
|
1. Society-Nature Relationships2. Spatial Patterns3. The Meaning/Experience of Place4. Regional Studies
|
|
|
Commodity Chain Analysis (Internalization)
|
Tracing geographically where different components of a good come from
(Ex.iPhone, Samsung Galaxy) |
|
|
Corporate Control (Globalization)
|
Not only the # of geographical connections, but their intensity and form
In 19th Century, connections from colonial system of control and power (Ex. Nike) |
|
|
Keynesian Economics
|
In the short tun, economic output is influenced by AD (total spending of the economy)
|
|
|
Social Polarization
|
Process of segregation within a society that may emerge from income inequality, economic restructuring --> high and low income jobs
|
|
|
Neoliberalism
|
Control of economic factors is shifted from the public sector to the private sector
(Ex. Gov'ts reduce deficit spending, limit subsidies, reform tax, remove fixed exchange rates, open new markets etc.) |
|
|
Multinational/Transnational Corporation
|
firms that own, control and coordinate activities in more than one country
|
|
|
Commodity/Supply Chain Analysis
|
Traces the entire trajectory of a product from its conception, through production, retailing and final consumption
|
|
|
Defetishization
|
Grasp the real life of a commodity
|
|
|
Turnover Time
|
Time taken between purchasing the inputs for a good and making and selling it
|
|
|
Credit Crisis
|
B/c of increasing debts, banks began to stop lending to debtor institutions including other banks
|
|
|
Sovereign Debt Crisis
|
Gov'ts stop in but they increase their debt, and banks may stop lending to them
|
