Test II Review

Test II Review - GEO 101 3/31/08 TEST REVIEW POP QU IZ I I...

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Unformatted text preview: GEO 101 3/31/08 TEST REVIEW POP QU IZ I I Localization economies are economies with industries that cluster together for cost savings Fordism is A form of economic production based on large-scale replication, mass consumption, and sophisticated advertising techniques The primary way a government intervenes in economic planning, as explained in the book : Growth Poles Foreign direct investment is an investment made by a foreign individual or company in the productive capital, knowledge, goods, and services of another country The globalization or production discusses Flexible production systems, just-in-time production systems, and New-Fordism Export processing zones The chief benefit of investing money in offshore financial centers (Bahamas, Swiss) is because They are less regulated than other financial centers Conglomerate corporations are companies that consist of several divisions that engage in different activities (Proctor and Gamble, BP) The relationship that breeds spread effects consists of what two arenas are The Core and periphery areas Agglomeration diseconomies are most likely to occur in Urban areas CHAPTER 6, 7, 10 External economy (Chapter 7, 263) – an economy that is right for and is set up to grow, but might be abandoned; there are existing consumers, workers, etc. Take over old facilities to make different products and people are going to work for it no matter what Terms of T rade (Chapter 7, 270) – the ratio of prices in which exports and imports are exchanged, you can’t just set the prices on your own, you have to look at what your exporting. Splintering Urbanism (End of Chapter 10) – Urbanization splinters cities into many different parts in terms of wealth. i.e. The hills of Cinci and downtown Cinci Ecotourism (End of Chapter 7) – Giving back to the economy when they travel. Be aware NOTES Feb. 22 Kosovo is now officially a country The Serbs attacked U.S. Embassy Fidel Castro stepped down Elections in Palestine went smoothly Mar. 3 rd – 7 th Development From Above-Statistical Indicators, Acronyms, and Activities GNI, UNDP Human Development Index, and other such statistical measures Activities-primary, Secondary, Tertiary, and Quaternary • First, a primer on formal and informal economies o Formal economy: economic activities regulated by economic and legal institutions Formal Economy examples: gov’t jobs, multinational corporation jobs, small, private firm jobs…in other words, any job were taxes are paid, work is regulated, and statistics/data can be shown Key Point: these are the jobs we (US residents) are used to being employed in o Informal economy: unregulated economic activities; lacking oversight by government or legal institutions/not taxed by government Informal economies activities: hairdressing, coffee/cigarette stand operation, motorbike driver, t ruck driver, seamstress, tour guide, cleaner, runner, fisherman Key Point: non-Western people often work in both the formal and informal sectors...
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This test prep was uploaded on 04/06/2008 for the course GEO 101 taught by Professor Gillen during the Spring '08 term at Miami University.

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Test II Review - GEO 101 3/31/08 TEST REVIEW POP QU IZ I I...

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