Globalization and Economic Development

Flashcards covering key concepts of globalization, economic development, and political geography based on lecture notes.

Globalization

The increasing interconnectedness of economies, cultures, and technologies.

Hearth Areas

Early agricultural settlements that served as the origin of cultural and economic practices.

Neocolonialism

Modern indirect control through economic and political means.

Core-Periphery Model

A model illustrating economic disparities between wealthy (core) and poorer (periphery) nations.

Transnational Corporations (TNCs)

Companies that operate across multiple countries and influence local economies.

Land grabs

Foreign purchases of land in developing regions, leading to displacement and economic challenges.

First World/Third World

Old terms replaced by 'Global North' and 'Global South' to describe economic disparities.

Surplus value

Profit generated from workers' labor, central to capitalist economies.

Human Development Index (HDI)

A measure that includes quality of life indicators for economic progress.

Sovereignty

The authority of a state to govern itself.

Nationalism

Pride and loyalty to one's nation, influencing political dynamics.

Supranational organizations

Entities like the UN and EU that influence global governance.

Reapportionment

Redistributing political representation based on census data.

Electoral College

A system for presidential elections in the U.S. that can yield different outcomes from the popular vote.