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99 Cards in this Set

  • Front
  • Back
Gross domestic product
estimate of the total value of all materials, foodstuffs, goods, and services that are produced by a country in a particular year
gross national income
a measure of income to country from production wherever in the world it occurs
purchasing power parity
how much common "market basket" of goods and services each currency can purchase locally, including goods and services that are not traded internationally
carrying capacity
max population that can be maintained in a place with rates of resource use and waste production that are sustainable in the long term without damaging overall productivity of that or other places
sustainable development
vision of development that seeks a balance among considerations of economic growth, environmental impacts, and social equity
ecological footprint
measure of the human pressures on the natural environment from the consumption of renewable resources and the production of pollution
primary activities
those concerned directly with natural resources of any kind

ex: agriculture, mining, fishing, and forestry
secondary activities
those that process, transform, fabricate, or assemble the raw materials derived from primary activities or that reassemble, refinish, or package manufactured goods.

ex: steel making, food processing, furniture making, textile manufacturing, automobile assembly, and garment manufacturing
tertiary activities
those involving the sale and exchange of goods and services

ex: warehousing, retail stores, personal services
quaternary activities
those dealing with the handling and processing of knowledge and info

ex: data processing, info retrieval, education, and research and development
newly industrializing countries
countries, formerly peripheral within the world-system, that have acquired a significant industrial sector, usually through direct foreign investment
trading blocs
groups of countries with formalized systems of trading agreements
autarky
small peripheral countries that do not contribute significantly to the flows of imports and exports that constitute the geography of trade
dependency
high level of reliance by a country on foreign enterprises, investment, or technology
international division of labor
specialization, by countries, in particular products for export
elasticity of demand
degree to which levels of demand for product or service change in response to changes in price
terms of trade
determined by the ratio of the prices at which imports and exports are exchanged
import substitution
attempt the establish a new role in international division of labor, moving away from a specialization in primary commodities toward a more diversified manufacturing base
debt trap
syndrome of having constantly to borrow in order to fund "development"
initial advantage
highlights the importance of an early start in economic development
external economics
cost savings resulting from advantages that are derived from circumstances beyond a firm's organization and methods of production

existing labor markets, consumer markets, so on
localization economies
cost savings that accrue to particular industries as a result of clustering together at a specific location
agglomeration effects
cost advantages that accrue to individual firms because of their location among functionally related activities
cumulative causation
spiraling buildup of advantages that occurs in specific geographic settings as a result of the development of external economics, agglomeration effects, and localization economies
infrastructure
underlying framework of services and amenities needed to facilitate productive activity
backwash effects
negative impacts on a region of the economic growth of some other region
spread effects
positive impacts on a region of the economic growth of some other regions, usually a core region
agglomeration diseconomies
negative economics effects of urbanization and the local concentration of industry
deindustrialization
relative decline in industrial employment in core regions as firms scale back their activities in response to lower levels of profitability
creative destruction
withdrawal of investments from activities that yield low rates of profit in order to reinvest in new activities
growth poles
places of economic activity deliberately organized around one or more high-growth industries
foreign direct investment
flows of capital, knowledge, goods, and services among countries
transnational corporations
companies that participate not only in international trade but also in production, manufacturing, and/or sales operations in several countries
conglomerate corporations
corporations that consist of several divisions engaged in quite different activities are known
fordism
mass production, based on assembly-line techniques and "scientific" management, together with mass consumption, based on higher wages and sophisticated advertising techniques
neo-fordism
the logic of mass production coupled with mass consumption has been modified by the addition of more flexible production, distribution, and marketing systems
flexible production systems
involve flexibility both within firms and between them
vertical disintegration
evolution from large, functionally integrated firms within a given industry toward networks of specialized firms, subcontractors, and supliers
strategic alliances
commercial agreements between transnational corporations, usually involving shared technologies, marketing networks, market research, or product development
export-processing zones
small areas within which especially favorable investment and trading conditions are created by governments in order to attract export-oriented industries
offshore financial centers
islands and micro-states that have become specialized nodes in the geography of worldwide financial flows
world cities
places that are able not only to generate powerful spirals of local economic development but also to act as pivotal points in the reorganization of global space
agrarian
describe the way of life that deeply embedded in the demands of agricultural production
agriculture
a science, art, and a business directed at the cultivation of crops and the raising of livestock for sustenance and profit
hunting and gathering
characterizes activities whereby people feed themselves by killing wild animals and gathering fruits, roots, nuts, and other edible plants
subsistence agriculture
system in which agriculturalists consume all they produce
commercial agriculture
farmers produce crops and animals primarily for sale rather than for direct consumption
shifting cultivation
form of agriculture usually found in tropical forests, farmers aim to maintain soil fertility by rotating the fields they cultivate
crop rotation
fields under cultivation remain the same but the crops planted are changed to balance the types of nutrients withdrawn from and delivered to the soil
swidden
one the land has been cleared and ready for cultivation
intertillage
practice of mixing different seeds and seedlings in the same swidden
intensive subsistence agriculture
practice involving the effective and efficient use of a small parcel of land in order to maximize crop yield
pastoralism
the breeding and herding of animals to satisfy the human needs for food, shelter, and clothing
transhumance
movement of herds according to seasonal rhythms
mechanization
replacement of human farm labor with machines
pastoralism
the breeding and herding of animals to satisfy the human needs for food, shelter, and clothing
chemical farming
application of synthetic fertilizers to the soil to enhance yields
food manufacturing
adding economic value to agricultural products through a range of treatments occurring off the farm and before the products reach the market
"Blue Revolution"
introduction of motorized and larger boats, processing technology and infrastructure, and new production techniques into peripheral country fisheries
aquaculture
growing of aquatic creatures in ponds on shore or in pens suspended in water
agricultural industrialization
process whereby the farm has moved from being the centerpiece of agricultural production to being one part of an integrated multilevel industrial process
globalized agriculture
modern agriculture is increasingly dependent on an economy and set of regulatory practices that are global in scope and organization
land reform
redistribution of land by the state with a goal of increasing productivity and reducing social unrest, was seen as a solution and was implemented by revolutionary governments and others seeking to reduce the risk of rural uprising
nontraditional agricultural exports
new export crops that contrast with traditional exports

ex: sugar and coffee
agribusiness
set of economic and political relationships that organizes food production from the development of seeds to the retailing and consumption of the agricultural product
food chain
composed of 5 central and connected sectors (inputs, production, processing, distribution, and consumption)
with 4 contextual elements acting as external mediating forces (the state, international trade, physical environment, and credit and finance)
food regime
specific set of links that exists among food production and consumption and capital investment and accumulation opportunities
biotechnology
any technique that uses living organisms to make or modify products
under-nutrition
inadequate intake of one or more nutrients and/or of calories
famine
acute starvation associated with a sharp increase in mortality
food security
a person, household, or even a country has assured access to enough food at all times to ensure active and healthy lives
genetically modified organism
any organism that has had its DNA modified in a lab rather than through cross-pollination or other forms of evolution
urban agriculture
establishment or performance of agriculture practices in or near an urban or city like setting
geopolitics
state's power to control or territory and shape the foreign policy of individual states and international political relations
nation
group of people sharing certain elements of culture
nation-state
ideal form consisting of a homogeneous group of people governed by their own state
sovereignty
exercise of state power over people and territory, recognized by other states and codified by international law
citizenship
category of belonging to a nation-state that includes civil, political and social rights
nationalism
feeling of belonging to a nation, as well as the belief that a nation has a natural right to determine its own affairs
centripetal forces
strengthen and unifying something
centrifugal forces
divide or tend to pull something apart
federal state
allocates power to units of local government within the country
unitary state
power is concentrated in the central government
confederation
group of state united for a common purpose
decolonization
reacquisition by colonized peoples of control over their own territory
international organization
one that includes 2 or more states seeking political and/or economic cooperation with each other
domino theory
if one country in a region chose o was forced to accept a communist political and economic system, neighboring countries would fall to communism as well
new world order
assumes that with the triumph of capitalism over communism, the US becomes the worlds only superpower and therefore its policing force
terrorism
the threat of use of force to bring about political change
bioterrorism
deliberate use of microorganisms or toxins from living organisms to induce death or disease
supranational organization
collection of individual states with a common goal that may be economic and/or political in nature
international regime
involvement of the state in these new global activities
human rights
rights to justice, freedom, and equality
global civil society
broad range of institutions that operate between the private market and the state
self-determination
refers to the right of a group with distinctive politico-territorial identity to determine its own destiny through control of its own territory
regionalism
feeling of collective identity based on a population's politico-territorial identification within a state or across state boundaries
sectionalism
extreme devotion to local interests and customs
democratic rule
system in which public policies and officials are directly chosen by popular vote
territorial organization
system of government formally structured by area, not by social groups