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76 Cards in this Set
- Front
- Back
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Agricultural Labor Force
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A measure of the participating portion of an economy's labor force.
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Calorie Consumption
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The total number of calories in a daily diet allocation.
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Core-periphery model
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A model of the spatial structure of an economic system in which underdeveloped or declining peripheral areas are defined with respect to their dependence on a dominating core region.
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Cultural convergence
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The tendency for cultures to become more alike as they increasingly use technology and organizational structures in the modern world united by improved transportation and communication.
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Dependency theory
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Theory of international relations holding that major states influence other states though their economic power.
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Development
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The process of growth, expansion, or realization of potential, bringing regional resources into full productive use.
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Primary Economic Activity
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Economic activity concerned with the direct extraction of natural resources from the environment; such as mining, fishing, lumbering, and especially agriculture.
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Secondary Economic Activity
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Economic activity involving the processing of raw materials and their transformation into finished industrial products; the manufacturing sector.
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Tertiary Economic Activity
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Economic activity associated with the provision fo services (transportation, banking, retailing, education, routine, office-based jobs).
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Quaternary Economic Activity
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Service sector industires concerned with the collection, processing, and manipuation of information and capital (finance, administration, insurance, legal services).
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Quinary Economic Activity
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Service sector industries that require a high level of specialized knowledge skill (scientific research, high-level management).
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Energy Consumption
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Using energy; an indicator of development - MCDs tend to consume much more energy per capita then LCDs do.
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Foreign Direct Investment
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An investment abroad, usually where the company being invested in is controlled by the foreign corporation.
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Gender
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In the cultural sense, a reference to socially created -- not biologically based -- distinctions between femininity and masculinity.
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Gross Domestic Product (GDP)
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Profits of a country made internally, and outside investments.
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Gross National Product (GNP)
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The total value of goods and services (with some adjustments) including income received from abroad, produced by the residents of a country during a specified period (usually a year).
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Human Development Index
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The study of how people develop on physical, intellectual and social levels. It probes the different stages of life to better understand how people work.
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Levels of Development
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The study of how countries develop financially.
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Measures of Development
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The process of achieving an optimum level of health and well-being. It includes physical, biological, mental, emotional, social, educational, economic, and cultural components.
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Neocolonialism
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A disparaging reference to economic and political policies by which major developed countries are seen to retain or extend influence over the economies of less developed countries and peoples.
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Physical Quality of Life Index
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An attempt to measure the quality of life or well-being of a country.
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Purchasing Power Parity
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A monetary measurement which takes account of what money actually buys in each country.
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Rostow, W. W.
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Prominent for his role in the shaping of American policy in Southeast Asia during the 1960s, he was a staunch opponent of communism, and was noted for a belief in the efficacy of capitalism and free enterprise.
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Stages of Growth Model: Stage 1
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The traditional society
-mostly subsistent agriculture -activities that don't help with development such as military and religion |
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Stages of Growth Model: Stage 2
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Pre-Conditions for take-off: Initial Investment
-limitied few ivest in tech. and infreastructure, transportation, water supply, dams (irregation) |
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Stages of Growth Model: Stage 3
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Take-Off: Initial Success
-Limited # of industries become succeessful and competitive globally. Generally, textiles and food production. -Remainder of economy is still traditional. |
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Stages of Growth Model: Stage 4
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Drive to Maturity: Technology diffuses
-Technology expands to many other businesses=> rapid growth -Labor becomes more skilled and educated |
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Stages of Growth Model: Stage 5
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Age of Mass Production: Shift to Consumer good production
-Economy shifts from heavy indusrty in steel, energy to consumer goods (i.e. cars, fridges) |
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Technology gap
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The contrast between the technology available in developed core regions and that present in peripheral areas of underdevelopment.
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Technology transfer
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The diffusion to or acquisition by one culture or retention of the technology possessed by another, usually more developed, society.
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Third World
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Designating countries uncommitted to either the "First World" Western capitalist bloc or the Eastern "Second World" communist bloc; subsequently, a term applied to countries considered not fully developed or in a state of underdevelop.
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World Systems Theory
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Immanuel Wallerstein's theoretical approach which analyzes societies in terms of their position within global systems.
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Industrialization
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Is the period of social and economic change that transforms a human group from an agrarian society into an industrial one.
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Acid Rain
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Rain containing acids that form in the atmosphere when industrial gas emissions (especially sulfur dioxide and nitrogen oxides) combine with water.
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Agglomeration
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A snowballing geographical process by which secondary through quinary industrial activities become clustered in cities and compact industrial regions in order to share infrastructure and markets.
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Agglomeration economies
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The savings to an individual enterprise derived from locational association with a cluster of other similar economic activities, such as other factories or retail stores.
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Air pollution
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Concentration of trace substances, such as carbon monoxide, sulfur dioxide, nitrogen oxides, hydrocarbons, and solid particules, at a greater level that occurs in average air.
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Aluminum industry
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Manufacturers of aluminum considered as a group.
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Assembly line production/ Fordism
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A form of production characterized by an assembly line (conveyor belt factory system) and standardized outputs linked with the stimulation of demand brought about by low prices, advertising, and credit.
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Bid rent theory
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Geographical economic theory that refers to how the price and demand on real estate changes as the distance towards the Central Business District (CBD) increases.
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Break-of-bulk point
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The point at which a cargo is unloaded and broken up into smaller units prior to delivery, minimizing transport costs.
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Canadian industrial heartland
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Canada has a sizable manufacturing sector, centred in Central Canada, with the automobile industry especially important.
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Carrier efficiency
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An organization that provides communications and networking services. A communications and networking "service provider." See common carrier and private carrier.
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Comparative advantage
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The principle that an area produces the items for which it has the greatest ratio of advantage or the least ratio of disadvantage in comparison to other areas, assuming free trade exists.
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Cumulative causation
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A process through which tendencies for economic growth are self-reinforcing; an expression of the multiplier effect, it tends to favor major cities and core regions over less-advantaged peripheral regions.
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Deglomeration
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The movement of activity, usually industry, away from areas of concentration.
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Deindustrialization
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Decline of primary and secondary industry, accompanied by a rise of the service sectors of the industrial economy./The cumulative and sustained decline in the contribution of manufacturing to a national economy.
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Economic sectors
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Economic activity that is neither taxed nor monitored by a government; and is not included in that government's Gross National Product (GNP); as opposed to a formal economy.
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Economies of scale
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Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.
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Ecotourism
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A form of tourism pursued by many ecologically concerned perople, who visit regions having pristine ecosystems and, in the process, to inflict no environmental damage.
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Energy Resources
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Renewable (sun, sea, wind) or non-renewable (coal mine, gas well, oil well) resource used for obtaining an energy source.
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Entrepot
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Trade in which imported goods are re-exported with or without any additional processing or repackaging.
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Export processing zone
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Industrial parks designated by a government to provide tax and other incentives to export firms.
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Fixed Costs
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An activity cost (as of investment in land, plant, and equipment) that must be met without regard to level of output; an input cost that is spatially constant.
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Footloose industry
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Descriptive term applied to manufacturing activities for which the cost of transporting material or product is not important in determining location of production; and industry or firm showing neither market nor material orientation.
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Four Tigers
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The highly industrialized economies of Hong Kong, South Korea, Singapore, and Taiwan.
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Greenhouse Effect
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The results from the increased addition of carbon dioxide and certain trace gases to the atmosphere through industrial activity and deforestation causing more of the sun's heat to be retained, thus warming the climate of the Earth.
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Growth Poles
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Economic development, or growth, is not uniform over an entire region, but instead takes place around a specific pole.
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Heartland/Rimland
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A 1904 proposal by Sir Halford John Mackinder that the key to world conquest lay in control of the interior of Eurasia./The belief of Halford Mackinder (1861-1947) that the interior of Eurasia provided a likely base for world conquest.
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Industrial Location Theory
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The forces leading to the location of industrial activity. One choice might be the least‐cost location.
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Industrial Revolution
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A series of inventions and innovations, arising in England in the 1700s, which led to the use of machines and inanimate power in the manufacturing process.
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Infrastructure
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The basic structure of services, installations, and facilities needed to support industrial, agricultural, and other economic development; included are transport and communications, along with water, power, and other public utilities.
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Least-cost location
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A site chosen for industrial development where total costs are theoretically at their lowest, as opposed to location at the point of maximum revenue.
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Major Manufacturing Regions
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Eastern United States, Mexico, Eastern Europe, Western Europe, and East Asia. These regions are hte leaders in inudstry and therefore significant to geography.
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Manufacturing Exports
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The products that are produced and shipped to another country. This is very common as production costs in other countries is often cheaper, which explains why a country would import a product rather than produce it themselves.
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Manufacturing/warehouse location (industrial parks, agglomeration, shared services, zoning, transportation, taxes, and environmental considerations)
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A feature of economic development in peripheral countries whereby the host country establishes areas with favorable tax, regulatory, and trade arrangements in order to attract foreign manufacturing operations.
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Maquiladora
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An assembly plant in Mexico, especially one along the border between the United States and Mexico, to which foreign materials and parts are shipped and from which the finished product is returned to the original market.
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Market Orientation
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The tendency of an economic activity to locate close to its market; a reflection of large and variable distribution costs.
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Multiplier Effect
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The direct, indirect, and induced consequences of change in an activity. In industrial agglomerations, the cumulative processes by which a given change (such as a new plant opening) sets in motion a sequence of further industrial employment.
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NAFTA
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North American Free Trade Agreement. A 1994 agreement reached by the United States, Canada, and Mexico that instituted a schedule for the phasing out of tariffs and eliminated a variety of fees and other hindrances to encourage free trade between the three North American countries.
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Outsourcing
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Producing abroad parts or products for domestic use or sale. Subcontracting production or services rather than performing those activities "in house."
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Ozone depletion
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Destruction of ozone in the ozone layer attributed to the presence of chlorine from manmade CFCs and other forces. The layer is thinning because ozone is being destroyed at a faster rate than it is being regenerated by natural forces.
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Postindustrial
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Of or relating to a society or economy marked by a lessened importance of manufacturing and an increase of services, information, and research.
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Refrigeration
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is the process of preserving perishable goods by cooling them down or freezing them.
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Resource crisis
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A crisis in which needed resources are not available to the consumers that need them.
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Resource orientation
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Tendency for an industry or other type of economic activity to locate close to its resources (Ex. coal industry).
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