Deindustrialization and Economic Shifts

These flashcards cover important concepts related to deindustrialization, globalization, technological changes, and their socio-economic impacts.

Deindustrialization

A widespread, systematic disinvestment in the productive capacity of a country, region, or locality.

Globalization

The process of companies relocating labor-intensive work overseas for cost savings.

International Division of Labour (IDL)

The rise of a global labor market where production is located according to cost, skill, and availability.

Technological Changes

Advancements like machinery, automation, robotics, digitization, and AI that reduce the need for routine workers.

Socio-Spatial Impacts

The effects of economic changes on demographics and community structures, particularly affecting low-income and racialized workers.

Environmental Justice

The fair treatment and meaningful involvement of all people in environmental policies, affecting disproportionately marginalized communities.

Export Processing Zones (EPZ)

Zones that offer incentives like tax breaks and lax regulations to attract foreign investment.

Urban Renewal

The physical and social transformation of urban communities, often linked to gentrification.

Gentrification

The process of renovating and improving a neighborhood to appeal to wealthier residents, often displacing existing communities.

Poverty and Social Dislocation

The socio-economic consequences stemming from deindustrialization, including increased crime and community decline.