Industrial Revolution & Location
Where is the hearth of the Industrial Revolution?
UK
Identify the 3 factors used to measure HDI
1. Health
2. Education
3. Living Standards
What is Stage 2 of Rostow's stage called?
Preconditions for Take-Off
This 1994 pact that eliminated most tariffs between the United States, Canada, and Mexico to encourage regional trade
NAFTA
What is the multi-spindle machine that revolutionized the textile industry by allowing a single worker to spin multiple spools of thread at once?
Spinning Jenny
What measures the opportunity gap between men and women in terms of reproductive health, empowerment, and the labor market?
Gender Inequality Index
How does Wallerstein divide up the world?
Core, Semi-Periphery, Periphery
one job creates additional jobs in related industries
mutliplier effect
An industry where the final product weighs more than the raw materials
Bulk-gaining industry
What measures a country's average achievements in health, education, and income, adjusted for inequality.
Inequality-Adjusted HDI (IHDI)
What theory argues that Periphery countries remain underdeveloped because they are structurally exploited by Core Countries for cheap labor and resources?
Dependency Theory
A South American trade bloc established in 1991 to promote free trade, economic integration, and the free movement of goods, people, and currency
Mercosur
What are specific areas within a country that offer tax incentives and lower environmental regulations to attract foreign investment called?
Special Economic Zones
Which country have the lowest HDI value?
South Sudan
How is Rostow's stages criticized?
it assumes all countries have the same path to development. fails to account for impact of core on periphery
When a country has a lower opportunity cost at producing a specific good
Comparative Advantage
What is the industrial location model suggests that a company will position its factory where it can minimize the expenses of labor, transportation, and agglomeration?
Weber’s Least Cost Theory
Which country have the highest HDI value?
Iceland
How is Wallerstein's Theory criticized?
fails to account for things like microlending
an intergovernmental organization whose members are major exporters of oil
OPEC