7.6 Changes As A Result Od The World Evonomy Flashcards
Fordism
Economic and social arrangement based on mass production, stable jobs, high wages,
Corporate disinvestment
Companies stop investing in facility construction and begin selling assets like machinery
Offshoring
When a country relocates their firm to another country
Outsourcing
When a company transfers part of their firm to a third party
Deindustrialization
The decline and sometimes complete disappearance of emoloyent in the manufacturing sector in the cores industrial centers
Special economic zone
Business and trade laws are different for those in the rest of the country
Export processing zone
Special incentives to attract foreign investment to places where imported materials undergo processing or assembly before being re-exported
Free trade zone
Specially designated duty free area that provides warehousing, storage, and distribution facilities for goods intended for trade or re-export
New international division of labor
The spatial shift of manufacturing from developed Conroe is to developing countries including the global scaling of labor markets and industrial sites
Post fordism
The shifts from manuefacturing to spatially dispersed production sites. Permanent to temporary workforce
Just in time manufacturing
The production of small batches of goods as needed by customer deman
High technology industry
Am I dusted that develops and uses the most advanced technologies available and has the highest levels of research and development
Agglomeration Economies
Occur where firms cluster in order to take advantage of skillled labor and ease of face to face contact
Multiple effects
The creation of new business and jobs in other industries because of investment in a different industry
Growth pole
Geographically pinpointed center of economic activity organized around a designated industry, commonly the high tech sector
