Introduction to Economic Geography

These flashcards cover key terms and concepts from the lecture on Economic Geography, focusing on imperialism, the industrial revolution, and their effects on global economics.

Geography

The study of the Earth's landscapes, environments, and the relationships between people and their environments.

Imperialism

A policy of extending a country’s power through international relations or military force; often associated with expansionism.

Traditional Economic Geography

A mostly descriptive project from the late 19th century to the 1950s that focused on the flows of commodities without much analysis.

New Economic Geography

A critical study of location, distribution, and spatial organization of economic activities, often focusing on global perspectives.

Finance Capital

Money used by individuals or businesses to produce goods or offer services.

Industrial Revolution

An 18th to 19th-century transition from agrarian economies to industrialized, machine-driven processes.

Automation

The use of automatic equipment in production processes, which can lead to job loss.

Labor Pool

A qualified group of potential permanent employees or temporary workers available for employment.

Colonial Imperialism

The exploitation of colonies for the benefit of the home country, often controlled through military force and economic monopolies.

First Wave of Globalization

The period marked by the expansion of European imperialist powers across the world, creating global economic ties.