7.7 Flashcards
(14 cards)
fordism
the economic and social arrangement based on the mass production of standardized goods, high labor union membership rate, stable and full time manufacturing employment, and high factory wages that enable mass consumption
offshoring
the relocation of manufacturing and support services from one country to another
outsorcing
the transfer of part of a firm’s internal operations to a third party
deindustrialization
the decline and sometimes complete disappearance of employment in the manufacturing sector in core’s industrial centers
special economic zone
specific area within a country’s borders where business and trade laws are different from those in the rest of the country
export processing zone
industrial zone with special incentives to attract foreign investment to place where imported materials undergo processing/assembly before being re-exported
free trade zones
specially designated duty-free area that provides warehousing, storage, and distribution facilities for goods intended for trade/reexport
new international division of labor
the spatial shirt of manufacturing from developed countries to developing countries, including the global scaling of labor markets and industrial sites
post-fordism
shifts from manufacturing centers to spatially dispersed production sites, from standardized mass production to specialized batch production, and from a permanent workforce to temporary contract workers
just in time manufacturing
the production of small batches of goods as needed by customer demand
agglomeration ecnomies
occur where firms cluster spatially in order to take advantage of geographic concentrations of skilled labor and industry suppliers, specialized infrastructure, and ease of face-to-face contact with industry participants
multiplier effects
the creation of new businesses and jobs in other industries as the result of investments in a different industry
growth poles
geographically pinpointed center of economic activity organized around a designated industry, commonly in the high-tech sector
economies of scale
cost adv that can come with larger scale of operations
