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.

  1. Traditional society
  2. Preconditions for take-off
  3. Take-off
  4. Drive to maturity
  5. 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