*3 Spatial Trends Flashcards

1
Q

regional specialization of economic activities within national
economies (i.e. production of specific commodities, mainly related to primary economic
activities)

A

International Division of Labour

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2
Q

reorganization of the spatial divisions of labour (pattern
of specialization) from the national to the global scale, based on international production and
marketing systems.

A

New international division of labour

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3
Q

the use of multiple sources in different countries for components of a
particular product that is assembled elsewhere

A

global sourcing

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4
Q

former peripheral countries which have acquired a
significant industrial (manufacturing) sector.

A

NICs - Newly Industrializing Countries

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5
Q

South Korea, Taiwan, Singapore, and Hong Kong (older Asian NICs)

A

Four Tigers

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6
Q

Malaysia, Thailand, Indonesia, the Philippines, and China (newer Asian NICs).

A

Little Dragons

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7
Q

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.

A

Foreign Direct Investment (FDI)

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8
Q

Major node for international decision-making, finance, specialized/advanced
services, innovation, production, and marketing (as well as a market).

A

Global City

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