AP HuG terms not in textbook for urbanization & industrialization

price ceiling

maximum amount of money a good can be sold for set by the government

disamentity

informal settlement, synonym of squatter or slums

boomburbs

suburban city that is rapidly growing and developed its own unique identity

exurb

settlement outside of a suburban area but is connected to the metro area

edge cities

settlements with their own economic district and is located near a belt way or major highway

Hotelling model

industry location that has multiple similar producers and have identical production cost

transferability

how easy is transferring goods from one place to another

footloose industry

industry location is not important

regional spatialization

defining regions based on spatial patterns/characteristics to attract businesses and investments

cumulative causation/multiplier effect

positive effects of agglomeration

agglomeration diseconomies

negative effects of agglomeration—congestion, competition

brownfields

area once used but now left alone for a long period of time

infill development

building in an existing developed area that us unused or underdeveloped

neoliberalism

economic and political idea that focuses on individual freedom over government control, free markets, and free trade

MCRIBS - semi-periphery countries

Mexico, China, Russia, India, Brazil, South Korea

MERCOSUR goal

promote common space that generates business and investments opportunities through competitive integration kf national economies and international market

EU goal

promoting peace and economic opportunity in these countries

OPEC goal

unify petroleum policies among member countries

NAFTA goal

bring free trade b/w Mexico, Canada, and US