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Contracting work to non-company employees or other companies
outsourcing
does not generate new money for the area
non-basic economic activity
special manufacturing zones (Singapore); locations where a foreign company can store,Warehouse, transfer or process without additional taxation or duties if goods are exported
free - trade zones (FTZs)
when mechanization Force workers to become unemployed ,however the workers are trained to do more than one job, so they can rotate among a few different workstations reducing the risk of injuries
post-fordist
concentration of high value of Economic Development
growth poles (growth centers)
some tertiary and quaternary sector companies move their back offices to other countries
offshoring
businesses that operate in multiple countries
transnational corporations (TNCs)/Multinational corporations (MNCs)
one that no longer employs large numbers of people in factories but has people who provide services and process information
postindustrial economy
a system in which the inputs in the assembly process arrive at the assembly location when they are needed
just-in-time delivery
positive economic outcomes beyond the growth pole
spin-of benefits (spread effects)
returning jobs to the business's home country
reshoring
special manufacturing zones used by TNCs and MNCs
export processing zones (EPZs)
in which an item is moved from worker to worker with each repeatedly performing the same task
assembly line
the location decision for one Factory is dependent upon the location of another related factories
locational interdependence
negative effects on one region that results from economic growth in another region
backwash effects
a change system of an appointment in the various economic sectors throughout the world
new international division of labor
special manufacturing zones (China) situated in Coastal cities or near major ports,allowing easy access to International markets
special economic zones (SEZs)
the system of mass production
fordism
most businesses located in proximity to similar of businesses
agglomeration economies
region with a large number of closed factories
rust belt
actions that creates New Wealth for a region
basic economic activity
special manufacturing zones (mexico)
Maquiladoras
in which businesses maximize profits by substituting one factor of production for another
substitution principle
a hub for information-based industry in high-tech Manufacturing
technopoles
place where you can take advantage of agglomeration economies
corporate parks (business parks)