Unit 7 Economic development

Occur where firms cluster spatially in order to take advantage of geographic concentrations of skilled labor and industry suppliers, specialized infrastructure, and east of face-to-face contact with industry participants.

• Agglomeration Economies
• Bulk-Gaining Industry
• Corporate Park/Business Park
• Gross Domestic Product (GDP)

A location where cargo is transferred from one mode of transportation to another.

• Break of bulk point
• Bulk-Reducing Industry
• Deindustrialization
• Gross Domestic Product (GDP) per capita

In bulk-gaining industries, raw materials cost less to transport than finished goods.

• Bulk-Gaining Industry
• Comparative Advantage
• Direct Foreign Investment
• Gross National Income (GNI) per captia

In bulk-reducing industries, raw materials cost more to transport than finished goods.

• Bulk-Reducing Industry
• Containerization
• Ecotourism
• Gross National Product (GNP) per captia

A country's ability to produce one product much more efficiently than it can produce other products within its economy.

• Comparative Advantage
• Corporate Park/Business Park
• Export Processing Zone (EPZ)
• Growth Poles

The system of intermodal freight transport using shipping containers.

• Containerization
• Deindustrialization
• Footloose Industry
• Human Development Index (HDI)

Where office buildings congregate and can take advantage of agglomeration economies.

• Corporate Park/Business Park
• Direct Foreign Investment
• Fordism
• Income Distribution

The decline and sometimes complete disappearance of employment in the manufacturing sector in the core's industrial centers.

• Deindustrialization
• Ecotourism
• Formal Sector
• Informal Sector

Active ownership of a foreign company or of overseas manufacturing or marketing facilities.

• Direct Foreign Investment
• Export Processing Zone (EPZ)
• Fair Trade Aggreement
• International Monetary Fund

Travel to natural areas of ecological value in support of conservation efforts and socially just economic development.

• Ecotourism
• Footloose Industry
• Gender Inequality Index (GII)
• Just-In-Time Delivery