APHG Development- process of improving the living conditions and material wealth of people in a country
Rostow's Model
Core Periphery Model- Wallerstein, WORLD SYSTEMS THEORY, core exploits the periphery, core has most influence on global economy
HDI
IHDI
GII
GDI
GNI
GDP
Education
Mean Years
Expected Years
Occupation Sectors
Primary
Secondary
Fordist Production
Post-Fordism
Tertiary
Quaternary
Quinary
Resources
Renewable Energy
Wind
Solar
Hydrothermal
Biomass
Nonrenawable
Coal
Petroleum
Natural Gas
Nuclear
Fission
Fusion
Potential Reserve
Proven Reserve
Industry- production of goods or services in an economy
Bulk reducing- near inputs, final product weighs less than inputs, ex: copper mining, logging
Bulk Gaining- near markets, the final product weighs more than the inputs, ex: beverage bottling
Site Factors- factors affecting loc. of industry based on factors related to loc., LABOR, LAND, CAPITAL
Situation Factors- factors determining loc. of a industry based on transport consts
Pollution
Point-Source
Smog
Recycling
Right to Work Laws- people can work without having to join a union, mostly southern states, lower wages
Weber's Least Cost Theory- why businesses locate in certain areas, , 3 factors: labor cost, transport costs, and agglomeration
Agglomeration- clustering of similar services in an area, usually to share resources/ customers, ex: Town Center, Wall Street in NYC
Deagglomeration- when an area has too many similar industries, saturated market
Stage 1- Traditional Society
S2- Precond. for Takeoff
S3- Takeoff
S4- Drive to Maturity
S5- Age of Mass Consumption
4 Asian Tigers
OPEC
Self Sufficiency Model-
WTO-
Industrialization
Productivity
Value Added
Post- Fordist Production
Fair Trade
Co-op
NAFTA- North Atlantic Free Trade Agreement, US,Canada, and Mexico, eliminate tariffs/ trade barriers, lead to much outsourcing to Mexico and creation of maquiladoras
PPP
Outsourcing- a company turns over much of the responsibility for production to independent suppliers
New International Division of Labor- transfer of some types of jobs (low wage and experience) from more developed countries to less developed countries
Vertical Inegration
Geothermal
Greenhouse Effect
Truck- best for one day trips, most versitile
Ship- slowest, must be near ports, one of cheapest
Train- best for trips over a day, confined to railways
Plane- fastest, most expensive
Just-In-Time Delivery- shipment of parts and materials to arrive at a loc. just before they're needed, ex: Amazon
Maquiadoras- manufacturing plants near the US/Mexico border, owned by US companies, workers in Mexico cheaper and close to US markets
Export Processing Zone- areas within LDCs, offer incentives and a barrier-free environment to promote economic growth, attracting foreign investment for export production, ex: Maquiladoras