UNIT 7 Flashcards

(40 cards)

1
Q

commodity

A

raw/basic material

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2
Q

commodity is mostly…..

A

MDCS

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3
Q

world system theory

A

the world is interconnected as core, semi-periphery, and periphery

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4
Q

core countries

A

more developed, capital intensice production

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5
Q

semi periphery

A

industrializing, manufacturing, most dependent on core countries

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6
Q

periphery

A

LDCs, outer edge of global trade, primary sector, natural resources and cheap labor

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7
Q

dependency theory

A

LDCs are locked in a cycle of underdevelopment. political and economical limits the ability for LDCS to modernize because MDCS use them to stay on top.

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8
Q

Rostow theory stage 1

A

traditional society- agriculture

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9
Q

Rostow theory stage 2

A

preconditions for takeoff (industrial/ 2nd revolution)- agriculture becomes mechanized. MDCS put money in this economy

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10
Q

Rostow theory stage 3

A

takeoff- manufacturing, dual economy

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11
Q

Rostow theory stage 4

A

drive to maturity- industry become diverse

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12
Q

Rostow theory stage 5

A

mass consumption- tertiary sector, growth of middle class

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13
Q

ecotourism

A

places that are environmentally sustainable

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14
Q

LDCS need more per capita to develop because….

A

hard adopting policies, finding funds to pay for development, self sufficiency, international tradeo

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15
Q

fordism

A

mass production, standardized work routine, unionized

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16
Q

post fordism

A

workers are flexible and are problem solvers

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17
Q

HDI includes…

A

social, economic, demographic

18
Q

GDP

A

value of output of goods and services produced

19
Q

GDI

A

compares how well women do in society

20
Q

GDP per capita

A

average individual wealth

21
Q

GEM

A

ability for women to participate in achieving improvement

22
Q

gender empowerment measure

A

compares women to men (economic/political)

23
Q

proximity to inputs

A

putting the plant as close to the input if transporting raw materials is more than transporting to consumers

24
Q

proximity to markets

A

putting plant close to customers if transporting raw materials to factory is less than the cost to customers

25
proximity to market include
bulk gaining, single market manufactures, and perishable products
26
bulk gaining (bottling)
something that gains weight during production
27
bulk reducing (copper mining)
product gets smallers during production
28
break of bulk point
changing transportation styles (big things into small things)
29
Industrial Revolution origin
Great Britain
30
Weber's least cost theory
location of both the raw material and market for product
31
agglomeration
clustering of similar firms
32
isotropic plain assumption
not thinking about the physical geography
33
footloose industry (defines weber)
does not have a strong preference on location
34
renewed attraction of traditional industrial regions
skilled, cheap labor, just in time delivery
35
maquiladoras
factories located on the Mexican American border to exploit it's product
36
outsourcing
responsibility of production, fire workers, hire workers outside the country
37
benefits of maquiladoras
duty (tax) free, skilled workers, low cost labor, low shipping cost, reduced trade risk
38
challenges of maquiladoras
trade/ custom compliance, retaining skilled workers, changing political landscapes
39
quinnary sector
government
40
quaternary sector
intellectual activities