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21 Cards in this Set

  • Front
  • Back
Commodity Chain
Series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market
Core-periphery model
A model seeking to explain a spatial pattern of economic growth in which one centre or region in a country develops an economic advantage over the rest of the country
Process of industrial deconcentration in response to technological advances and/or increasing costs due to congestion and competition
Progress in technology, production, and socioeconomic welfare in a country
When a poorer country ties the value of its currency to that of a wealthier country, or when it abandons its currency and adopts the wealthier country's currency as its own
Export processing zones
(EPZs)- Zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment
Formal Economy
The legal economy that is taxed and monitored by a government and is included in a government's GNP; opposite of an informal economy
The expansion of economic, political, and cultural processes to the point that they become global in scale and impact. Te processes of globalization transcend state boundaries and have outcomes that vary across places and scales.
Gross domestic product- The total value of all good and services produced within a country during a given year
Gross national product- the total value of all good and services produced by a country's economy in a given year. It includes all good and services produced by corporations and individuals of a country, whether of not they are located within the country.
High-technology corridors
Area along or near major transportation arteries that are devoted to the research, development, and sale of high-tech products. These areas develop because of the networking and synergistic advantages of concentrating high-tech enterprises in close proximity to one another. "Silicon Valley" is a prime example of high-tech corridor in the US.
Human development index- A composite statistic used to rank countries by level of "human development" and distinguish "very high human development", "high human development", "medium human development", and "low human development" countries
Informal economy
Economic activity that is neither taxed nor monitored by a government; and is not included in the government's GNP; opposite of formal economy
Island of Development
Place built up by a government or corporation to attract foreign investment and which has relatively high concentrations of paying jobs and infrastructure
Microcredit program
Program that provides small loans to poor people, especially women, to encourage development of small businesses
Modernization model
(Rostow's model) A model of economic development most closely associated with eh world of economist Walter Rostow. The modernization model (or modernization theory) maintains that all countries go through five interrelated stages of development, which culminate in an economic state of self-sustained economic growth and high level so mass consumption
The practice of using capitalism, globalization, and cultural forces to control a country (usually former European colonies in Africa or Asia) in lieu of direct military or political control.
Nongovernmental organizations
(NGOs)- International organizations that operate outside of the formal political arena but that are nevertheless influential in spearheading international initiatives on social, economic, and environmental issues
Center or nodes of high-technology research and activity around which a high-technology corridor is sometimes established
When a family sends a child or an adult to a labor recruiter in hopes that the labor recruiter will send money, and the family member will earn money to send home
Vectored diseases
A disease carried from one host to another by an intermediate host