Geographic Clusters
What type of cluster reflects the fact that human activities tend to agglomerate to form urban areas?
General Clusters
What drives TNC?
Profit
Which countries are part of the G7?
Germany, Italy, the UK, France, the USA, Canada, and Japan?
What is the term used to describe the increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies?
Financialization
What event in the 2000’s sent ripples throughout the geoeconomy?
The 2008 financial crisis
The single most important ‘glue’ in the localized clustering of activities?
Face-to-face contact
Who is the most important actor in controlling the Global Production Network?
Transnational Corporation (TNC)
What are the core rules and conventions of the global capitalist economy?
Private property, profit-making, resource allocation and commodification of production inputs.
What revolution shifted the power in governance that resulted in a change in corporate strategy?
The shareholder value revolution
What are the 3 largest cities in North America?
New York, Los Angeles, and Mexico City
The cumulative nature of these processes of localized economic development suggests that the process is what?
Path dependent
What continues to be the most important bounded territorial form in which production networks are embedded?
The nation state
What ideology currently serves to structure the macro-structures of the contemporary global economy?
Neoliberalism
GPNs thus exist within the ______ that is constituted and structured by transnational elites, institutions, and ideologies.
‘Transnational space’
Who is the famous industrialist who dictated that his car would only be sold in black?
Henry Ford
What approach does Peter Dicken think that would helps us to appreciate the interconnectedness of economic activities across different geographical scales?
grounded networks
A term that can be used to describe the new “anti-capitalist” movements described in the textbook is in__?
Ineffective
What is the name of the intergovernmental organization not named in the textbook that contains many of the world's largest economies?
BRICS
The core of a GPN involves interconnected functions, operations, and transactions transforming inputs into outputs, forming a _____ rather than a chain
Circuit
What “old school” social movement was considered a major challenge to global capitalism?
The global workers movement (aka the communist movement, socialist movement)
What do production networks slice through and give an example of one?
Boundaries (ex. national borders, etc.)
Who has the most hostile relationship in a global production network?
Labour and Capital (TNC’s)
What is the term used to describe the changing of the current institutionalized global order away from Western (American)- led hegemony?
Multipolarity
When free market ideologists talk of efficiency, what process are they truly concerned about?
The generation of profits
In a competitive system, what do the majority of actors end up as?
Losers