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Rust belt
Region of the United States used to be heavy manufacturers, now long abandoned. Around the great lakes
Sun belt
Southern region of the United States, SE - SW. Service sector, warm climate, eastern part early industrial region.
Growth pole
Silicon valley, high-technology businesses. Concentration of these businesses spurred economic development in the surrounding area.
Technopole
Area planned for high technology where agglomeration built on a synergy among technological companies occurs
Imagined community
The idea that the people who do not personally know each other and likely never will are linked and have shared experiences, including death, tragedy, sorrow, and even joy
Globalization
chaotic set of proccesses and outcomes created by people. Processes of globalization and connectedness created through globalization occurs across scales and across networks, regardless of state borders
Washington Consensus
The view that free trade raises the wealth o all countries involved underpins a set of neoliberal policies known as ___. World Bank, WTO part of consensus.
network
set of interconnected nodes without a center
Digital Divide
Major divide in access to information technology
Social networks
Were credited with making revolutions in Tunisia and Egypt possible
Participatory Development
Idea that locals should be engaged in deciding what development means for them and how to achieve it- is another response to top-down decision making
Service industries
tertiary, quaternary, quinary sectors - produce ideas, advice, innovations and assistance to businesses and individuals
Tertiary services
Aid people and businesses
Quaternary services
collection, processing, manipulation of information and capital(finance, administration, insurance)
Quinary services
Facilitate complex decision making and advancement of human capacities(scientific research, higher education, high-level management)
Economic Core
Mainly service industries
High-technology corridor
Area designated by local or state government to benefit from lower taxes & high tech infrastructure, w goal of providing high-tech jobs to local population.
Nongovernmental organizations
nonprofit institutions outside of formal governments that are established to promote particular social or humanitarian ends.
Vertical Integration
Corporation that has ownership in all or most points along the production and consumption of a commodity chain.
Traditional Society
Local or regional, local trade, rural settings, family-based culture, subsistence farming, informal primary sector, low tech, limited wealth, medieval Europe
Pre-Conditions to Take off
Leadership begin to invest in country, small scale global trade develops, urbanization begins, shift to secondary labor sector, transportation and farming develops, increased investment in businesses/infrastructure, nigeria & afghanistan
Take Off
Major exports, increased global trade, urbanization, full industrialization of high output capabilities, technology advances, businesses making money → shift to patterns of consumption, NICS(India, Phillipines, Vietnam)
Drive to Maturity
Pop. growth declines, industry specializes, workers more skilled & educated, high power consumption, improved transport & communication. Investment in social infrastructure(schools, hospitals), Brazil Russia China
High Mass Consumption
Continues decline or goes into negative, mostly tertiary sector, highly skilled highly educated, high power consumption, improved transport & communication, people spend on nonessential goods, Japan South Korea East Europe US Canada
Rostow based on industrialized, capitalist, democrat countries
Falsely assumes all countries value those ideals
Rostow SCALE & uneven development
Stages of growth not uniform across one country
Rostow Linear Progress
Not all countries progress through model in defined order. Wars, corruption, natural disasters can impact.
Rostow Globalization
Does not take into account all countries connected in our globalized world
Rostow = potential to develop
Major differences between countries that could help/hinder development(climate, landforms, access to resources)
Rostow sustainability
Highest level does not take into account natural environment, depletion of resources, level of waste
Rostow Legacy of Colonialism
Massive impact of centuries of colonialism on LDC. MDC’s today exploited LDC resources. LDC that try to develop cant colonize others.
Wallerstein’s World Systems
World economic system, one large interconnected economy. Competition between core countries for colonies & trade, military strength
Wallerstein Legacy of Colonialism
Advantages in production for core countries
WallerStein Core
Economically/Politically dominant, strong military & allies, highly interconnected transportation & communication, control of global market, former colonial powers, high skill capital-intense production, US UK Japan
Wallerstein Semi-Periphery
“Middle income’, aspects of core & periphery, process of industrialization, active in manufacturing and exports, better communication & transport thn periphery, NICS are BRICS
Periphery
unstable governments, less wealth & education, export natural resources, unreliable transportation & communication, former colonies, low skill, labor-intensive jobs, low wages, weak laws to protect workers, Afghanistan Peru Kenya
Break of Bulk Point
Where cargo switches from one mode of transport to another.