*3 Spatial Trends Flashcards
regional specialization of economic activities within national
economies (i.e. production of specific commodities, mainly related to primary economic
activities)
International Division of Labour
reorganization of the spatial divisions of labour (pattern
of specialization) from the national to the global scale, based on international production and
marketing systems.
New international division of labour
the use of multiple sources in different countries for components of a
particular product that is assembled elsewhere
global sourcing
former peripheral countries which have acquired a
significant industrial (manufacturing) sector.
NICs - Newly Industrializing Countries
South Korea, Taiwan, Singapore, and Hong Kong (older Asian NICs)
Four Tigers
Malaysia, Thailand, Indonesia, the Philippines, and China (newer Asian NICs).
Little Dragons
Private investment by a firm (usually a TNC) from one
country into a firm in another country with the aim of gaining production (and management)
control.
Foreign Direct Investment (FDI)
Major node for international decision-making, finance, specialized/advanced
services, innovation, production, and marketing (as well as a market).
Global City