Unit VII: Industrialization and Economic Development

Industry that sells its products within the community; it does not bring money into the community.

• Basic industry

• informal economy

• Formal economy

• Non-Basic industry

A snowballing geographical process by which secondary and service industrial activities become clustered in cities and compact industrial regions in order to share infrastructure and markets.

• agglomeration

• deglomeration

• supranationalism

• syncretism

The legal economy that is taxed and monitored by government and is included in a governments gross national product.

• Informal economy

• Non-basic industry

• Basic industry

• Formal economy

A part of most corporations where tasks dedicated to running the company itself take place. i.e., not in the corporate headquarters but in call centers.

• back offices

• commodities

• cottage industry

• export processing zone

The spatial shift of manufacturing industries from advanced capitalist countries to developing countries - an ongoing geographic reorganization of production.

• protectionism

• new international division of labor

• nationalism

• tariffs

Maximum distance people will travel for a good or service (economic reach/hinterland).

• range

• situational factors

• threshold

• site factors

A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located. Think Starbucks as one of MANY examples.

• transnational corporations

• basic industry

• mom and pop stores

• maquiladoras

When a job in one sector of the economy leads to the creation of jobs in another economic sector.

• gross national income

• gravity model

• multiplier effect

• post fordist

In economic geography and central place theory, the minimum market needed to support the supply of a product or service.

• threshold

• least cost theory

• range

• relative theory

Model that argues the more developed countries exploit poorer, less developed countries for their resources, etc. but that these poorer, less developed countries cannot survive without being exploited.

• Christaller's theory

• least cost theory

• bid-rent theory

• core-periphery model