Globalized Economy and Its Effects

What is the primary reason for de-industrialization in core countries?

• Decline in population

• Lack of natural resources

• Shift towards tertiary and quinary sectors

• Increased focus on agriculture

What led to the creation of the Rust Belt in the United States?

• Expansion of the service industry

• Increase in agricultural jobs

• Rise of technology sectors

• Decline of manufacturing jobs

What is a Special Economic Zone (SEZ)?

• A zone with high taxes

• A geographic area with different business and trade laws to attract foreign investment

• A region focused on agricultural production

• A region with strict trade laws

How do Export Processing Zones (EPZs) differ from SEZs?

• EPZs focus on domestic trade

• EPZs have stricter labor laws

• EPZs are a subtype of SEZs with a focus on export production

• EPZs are only found in core countries

What is the main advantage of Free Trade Zones (FTZs)?

• They increase the cost of goods

• They provide tax-free storage and distribution for export goods

• They focus on local market sales

• They have high import duties

What does post-Fordism refer to?

• Centralized manufacturing in one location

• Dispersal of manufacturing across multiple global sites

• Focus on agricultural production

• Mass production of goods

What is the concept of 'just-in-time' delivery?

• Producing goods in large quantities for storage

• Delivering goods before they are ordered

• Manufacturing goods in response to consumer demand

• Focusing on agricultural products

What are agglomeration economies?

• The focus on agricultural development

• The spread of businesses across rural areas

• The concentration of similar businesses in a geographic area

• The decline of urban centers

Why is Silicon Valley considered a growth pole?

• It focuses on agricultural exports

• It is a hub for high-tech industries and skilled labor

• It has a large number of factories

• It has a declining population

What role do growth poles play in economic development?

• They decrease job opportunities

• They attract industries and create multiplier effects

• They focus on reducing technology use

• They limit foreign investment