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Definition
| grouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources |
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| economic activities that surround and support large-scale industries such as shipping and food services |
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| human centered; in sustainable development, anthropocentric refers to ideas that focus solely on the needs of people without considering the creatures with whom we share the planet or the ecosystems upon which we depend |
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| negative effects on one region that result from economic growth within another region |
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| location where large shipments of goods are broken up into smaller containers for delivery to local markets |
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| brick and mortar business |
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| traditional business with actual stores in which trades or retail occurs; it does not exist solely on the internet |
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Definition
| industries whose products weigh more after assembly than they did previously in their constituent parts |
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| industries whose products weigh less than their constituent parts, and whose processing facilities tend to be located close to sources of raw materials. |
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| a firm that is comprised of many smaller firms that serve several different functions |
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| national or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated |
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| model of the spatial structure of development in which underdeveloped countries are defined by their dependance on a developed core region |
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| an industry in which the production of goods and services is based in homes, as opposed to factories |
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| the dispersal of an industry that formerly existed in an established agglomeration |
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| loss of industrial activity in a region |
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| process of economic growth, expansion, or realization of regional resource potential |
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| web-based economic activities |
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Definition
| regions that fail to gain from national economic development. |
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Definition
| form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way |
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| areas where governments create favorable investment and trading conditions to attract export-oriented industries |
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| areas of the world, usually the economic core, that experience greater levels of connection due to high speed telecommunications and transportation technologies |
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Definition
| manufacturing activities in which cost of transporting both raw materials and finished product is not important for determining the location of the firm |
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Definition
| system of standardized mass production attributed to Henry Ford |
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| overseas investments made by private companies |
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| measure of the opportunities given to women compared to men within a given country |
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Definition
| idea that the world is becoming increasingly interconnected on a global scale such that smaller scales of political and economic life are becoming obsolete |
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Term
| Gross Domestic Product (GDP) |
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Definition
| total value of goods and services produced within the borders of a country during a specific time period, usually one year |
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| Gross National Product (GNP) |
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Definition
| total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year |
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Term
| Human Development Index (HDI) |
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Definition
| measure used by the UN that calculates development not in terms of money or productivity but in terms of human welfare; evaluates on 3 parameters: life expectancy, education, and income |
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Term
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Definition
| rapid economic and social changes in manufacturing that resulted after the introduction of the factory system to the textile industry in England at the end of the 18th century |
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Term
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Definition
| process of industrial development in which countries evolve economically, from producing basic, primary goods to using modern factories for mass producing foods. At the highest levels, national economies are geared mainly toward the delivery of services and exchange of information |
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Term
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Definition
| Those countries including Britain, France, USA, Russia, Germany and Japan, that were all at the forefront of industrial production and innovation through the middle of the 20th century. While industry is currently shifting to other countries to take advantage of cheaper labor and more relaxed environmental standards, these countries still account for a large portion of the world's total industrial output |
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Definition
| A concept developed by Alfred WEber to describe the optimal location of a manufacturing establishment in relation to the costs of transport and labor, and the relative advantages of agglomeration and deglomeration |
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| Those countries including countries in Africa (except South Africa) and parts of South America and Asia that usually have low per capita incomes and generally low standards of living |
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| A region in which manufacturing activities have clustered together. The major US industrial region has historically been in the Great Lakes (Illinois, Indiana, Ohio, New York, and Pennsylvania) Industrial regions also exist in SE Brazil, Central England, around Tokyo, Japan, and elsewhere |
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| Those US firms that have factories just outside the US/Mexico borders in areas that have been specifically designated by the Mexican government. In such areas, factories cheaply assemble goods for export back into the US |
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| a measure of call goods and services produced by a country in a year, including production from its investments abroad, minus the loss of degradation of natural resource capital as a result of productivity |
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Definition
| natural resources (fossil fuels) that do not replenish themselves in a timeframe that is relevant for human consumption |
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| offshore financial center |
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Definition
| areas that have been specifically designated to promote business transactions and thus have become centers for banking and finance |
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Definition
| Sending industrial processes out for external production. The term increasingly applies not only to traditional industrial functions, but also to the contracting of service industry functions to companies to overseas locations, where operating costs remain relatively low |
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Definition
| countries that usually have low levels of economic productivity, low per capita, and generally low standards of living. World economic (term) includes Africa (excluding S. Africa), parts of south America, and Asia |
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Term
| primary economic activities |
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Definition
| economic activities in which natural resources are made available for use or further processing, including mining, agriculture, forestry, and fishing |
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Definition
| measure of the goods and services produced within a particular country |
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Definition
| monetary measurement of development that takes into account what money buys in different countries |
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Term
| quaternary economic activities |
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Definition
| economic activities concerned with research, information gathering, and administration |
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Term
| quinary economic activities |
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Definition
| the most advanced form of quaternary activities consisting of high-level decision making for large corporations or high-level scientific research |
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Definition
| the process by which specific regions acquire characteristics that differentiate them from others within the same country. In economic geography, it involves the development of dominant economic activities in particular regions |
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Definition
| any natural resource that can replenish itself in a relatively short period of time, usually no longer than the length of a human life |
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Term
| Rostow's stages of development |
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Definition
| a model economic development that describes a country's progression which occurs in five stages, transforming them from least-developed to most-developed countiries |
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Definition
| manufacturing region in the US that is currently debilitated because many manufacturing firms have relocated to countries offering cheaper labor and relaxed environmental standards |
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Term
| secondary economic activites |
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Definition
| economic activities concerned with the processing of raw materials such as manufacturing, construction, and power generation |
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Definition
| those newly industrialized countries with median standards of living, such as Chile, Brazil, India, China, and Indonesia; offer their citizens relatively diverse economic opportunities but also have extreme gaps between rich and poor |
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Definition
| highly developed economies that focus on research and development, marketing, tourism, sales, and telecommunications |
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Definition
| the developing world that does not experience the benefits of high-speed telecommunications and transportation technology |
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Term
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Definition
| an input cost in manufacturing that remains constant wherever production is located |
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Definition
| an input cost in manufacturing that changes significantly from place to place in its total amount and in its relative share of total costs |
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Definition
| goods that are not mass produced but rather assembled individually or in small quantities |
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Definition
| idea that people living today should be able to meet their needs without prohibiting the ability of future generations to do the same |
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| tertiary economic activities |
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Definition
| activities that provide the market exchange of goods and that bring together consumers and providers of services such as retail, transportation, government, personal, and professional services |
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Term
| transnational corporation |
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Definition
| a firm that conducts business in at least two separate countries, AKA multinational corporations |
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Definition
| a group of cities that form an interconnected, internationally dominant system of global control of finance and commerce |
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Definition
| Theory developed by Immanual Wallerstein that explains the emergence of a core, periphery, and semi-periphery in the terms of economic and political connections first established at the beginning of exploration in the late 15th century and maintained through increased economic access up until the present |
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Term
| gender empowerment measure (GEM) |
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Definition
| compares the ability of women and men who participate in economic and political decision making |
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Term
| gender related development index (GDI) |
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Definition
| compares the level of development of women with that of both sexes |
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Term
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Definition
| percent of a country's people who can read and write |
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Term
| more developed countries (MDC) |
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Definition
| country that has progressed relatively far along the continuum of development |
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Term
| less developed countries (LDC) |
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Definition
| country that is at a relatively early stage in the process of economic development |
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Term
| structural adjustment program |
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Definition
| economic polices imposed on LDCs by international agencies to create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations and charging citizens for more services |
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Term
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Definition
| gross value of the product minus the costs of raw materials and energy |
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