not that bad
period in which rural societies in Europe became industrialized and urbanized 1600s-1900s
Industrial Revolution
What are the four asian tigers ?
economies that underwent rapid industrialization from 1960-1990, includes Hong Kong, South Korea, Taiwan, and Singapore
concentration of similar or related industries in one place
agglomeration
define just-in-time delivery
a system in which the inputs needed in the assembly process arrive at the assembly plant very close to when they are needed
what is ecotourism
tourism that uses natural environments as a money making attraction while also supporting conservation efforts
ability of one country to produce goods/services for comparatively cheaper price than other countries
comparative advantage
what is a supply chain
the steps involving extracting raw materials, processing raw materials into finished products, and selling finished products to consumers
what is Rostow's Stages of Growth
Model for understanding economic development that has five stages between agricultural and service based economies
a new form of colonization. refers to the economic control that MDCs are sometimes believed to have over LDCs
neocolonialism
percentage of a state's people who can read and write
literacy rate
a location where transfer is possible from one mode of transportation to another
break-of-bulk point
involves extracting or harvesting raw materials from the earth
primary sector
What is Mr. Laurels daughters name
Luna / Viviana
when a company transfers work to another country to reduce labor costs
outsourcing
free trade zone where government creates special policies to attract investment and businesses
export processing zone (EPZs)
inequality between places or regions
uneven development
an area straddling the Midwestern and Northeastern United states plus small parts of the Upper South in which local economies traditionally specialized in large scale manufacturing
Rust Belt
measures differences in men’s and women’s achievements
Gender Inequality Index (GII)
an agreement between two or more countries to make trade easier usually involves reducing tariffs
free trade agreement
determines location of industry/manufacturing based on transportation, labor, and agglomeration
Weber's Theory