A - E
Agglomeration
The clustering or concentration of people or activities.
Fossil Fuel
An energy source formed from the residue of plants and animals buried millions of years ago
Manufacturing Zone
A region in which manufacturing activities have clustered together.
Per capita
Tariff
A tax charged on goods and services as they move from one country to another.
Brownfield
A property which has the presence or potential to be a hazardous waste, pollutant, or contaminant.
Imperialism
Forceful extension of a nation's authority by conquest or by establishing economic or political domination of other nations that aren't its colonies
Mass Depletions
loss of diversity through a failure to produce new species.
Periphery
Countries that usually have low levels of economic productivity, low per Capita incomes, and generally low standards of living
Tertiary Sector
Portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people.
Empowerment
women's acquisition of resources and capacities and the ability to exercise agency in a context of gender inequality.
Gender Parity
A statistical measure that compares a particular indicator among women, like average income, to the same indicator among men.
Location Theory
Rostows Stages of Economic Growth
Maintains that all countries go through 5 interrelated stages of development, which culminate in economic state of self-sustained growth and high levels of mass consumption.
UN's Sustainable Development Goals
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Complementarity
A condition that exists when two regions, through an exchange of raw materials and/or finished products, can specifically satisfy each other's demands.
Footloose Industry
Industry in which the cost of transporting both raw materials and finished product is not important for the location of firms.
Neo-colonialism
The entrenchment of the colonial order, such as trade and investment, under a new guise.
Service sector industries concerned with the collection, processing and manipulation of information and capital.
Weber's least cost theory.
Alfred Weber's theory of industrial location of "least cost", explaining and predicting where industries will locate based on cost analysis of transportation, labor, and agglomeration factors.
Export Processing Zone
Zones established by many countries in the periphery and semi periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment.
Four Economic Tigers
South Korea, Taiwan, Hong Kong, Singapore
Maquiladoras
A factory built by a U.S. company in Mexico near the U.S. border, to take advantage of lower labor costs in Mexico.
Structuralist theories
A general term for a model of economic development that treats economic disparities among countries or regions as the result of historically derived power relations within the global economic system.
World System's Theory
Theory that there is a three-tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world.