Industrial Rev
Trade and the World Economy
Webber!
Issues in Industry
Development Indicators
Potpourri
100
This is an industrial engineering and manufacturing system that serves as the basis of modern social and labor-economic systems that support industrialized, standardized mass production and mass consumption.
Fordism
100
A term for when industries that use similar raw resources make their factories close to each other to cut down on shipping costs.
Aglomeration
100
What is Webber's theory called?
Webbers Least Cost Theory
100
Abandoned industrial buildings in a postindustrial economy.
Brownfields
100
This is a summary measure of average achievement in key dimensions of development: a long and healthy life, being knowledgeable and having a decent standard of living.
HDI (Human Development Index)
100
A country that has drastically reduced its industrialization in favor of tertiary and quaternary jobs.
Postindustrial Country
200
An industry that can be located at any place without effect from factors of production such as resources, land, labor, and capital.
Footloose Industry
200
What type of advantage?
Outsourcing of iphone factories to China where labor and manufacturing is cheaper than if iphones were produced in the US
What is ...Comparative Advantage
200
Copper, Steel, and Pencils are examples of these industries.
Bulk-Reducing Industry
200
Factories located along the US - Mexico border after NAFTA was passed.
Maquiladoras
200
This measure of development provides insights into gender disparities in health, empowerment, and the labor market.
Gender Inequality Index
200
a form of tourism marketed as "responsible" travel to natural areas, conserving the environment, and improving the well-being of the local people.
Ecotourism
300
Industrial jobs have a much higher _____ _____ than jobs in the tertiary sector. This means that for every industrial job you create you also need to create more support jobs.
Multiplier Effect
300
Functions as an area with cheaper labor and less business restrictions in Mexico that pairs with a parent company in the USA
What is ...Maquiladora
300
Cars, Refrigerators, and Washing Machines are all examples of this type of industry...
Bulk Gaining Industry.
300
When factories are put in minority neighborhoods, affecting their health and well-being we call this...
Environmental Injustice.
300
This measures inequality on a scale from 0 to 1, where higher values indicate higher inequality. This can sometimes be shown as a percentage from 0 to 100%
The Gini Coefficient
300
These UN goals set timebound targets, by which progress in reducing income poverty, hunger, disease, lack of adequate shelter and exclusion — while promoting gender equality, health, education and environmental sustainability — can be measured.
The UN Millennium Development Goals
400
What’s the difference between a "command" economy, a "market" economy, and a "mixed economy"?
Command=Government directed and controlled
Market=Private enterprise with little to no government control
Mixed = hybrid between market and command. Characterized by a mix of private enterprise and government control.
400
When countries break into supranational organizations focused on economics that help them regulate the prices of their products they are creating...
Trade Blocs
400
What is an example of an energy-dependant industry?
Aluminum, Paper, Toys
400
A region in the northeastern and midwestern United States that is defined by its industrial history and economic decline.
Rust Belt
400
This is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies.
Purchasing Power Parity
400
This is one of the major historical models of economic growth. The model postulates that economic modernization occurs in five basic stages, of varying length
Rostow's stages of growth.
- Traditional society
- Preconditions for take-off
- Take-off
- Drive to maturity
- Age of High mass consumption
500
What invention pushed the Industrial Revolution forward the most?
The Steam Engine
500
In industry, the tendency to substitute one factor of production for another in order to achieve optimum plant location
The Substitution Principle
500
Where are soda factories placed, and why? What type of industry is soda production?
Near Market. Soda is heavy. Bulk gaining industry.
500
The negative effects on one region that result from economic growth within another region.
Backwash Effects
500
What are the three categories of Wallerstein's World Systems Theory
Core.
Semi-Periphery.
Periphery.
500
Describe the difference between a “Supranational organization and an “international organization”.
600
List every economic sector, with an example of a job for each.
Primary. Farmer. Miner. Fishing.
Secondary. Factory Worker.
Tertiary. Any service industry job.
Quartinary. Any high tech of high knowledge field.
Quinary. CEO, President, Senator.
600
Define Technopole and give me one example.
A technopole, commonly referred to as a high-technology cluster or tech hub, refers to a center of high-tech manufacturing and information-based quaternary industry.
Examples: Silicon Valley, Austin Texas, Shanghai China
600
What are the three most important factors to consider when building a factory?
Labor Cost, Material Weight, Transportation Cost.
600
_____ , _____ and _____ are indicators of the human development index.
What is ... Life expectancy at birth, Expected years of schooling/mean years of schooling, GNI per capita.
600
What do the following stand for?
GDP, GNP, GDI, GNI, HDI, TFR, IMR
Gross Domestic Product (GDP)
Gross National Product (GNP)
Gross National Income (GNI)
Human Development Index (HDI)
Gender Inequality Index (GII)
Total Fertility Rate (TFR)
Infant Mortality Rate (IMR)
600
An area in which the business and trade laws are different from the rest of the country. They are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation, and effective administration. The acronym for this phrase is SEZ's.
Special Economic Zone