7.6 Changes As A Result Od The World Evonomy Flashcards

1
Q

Fordism

A

Economic and social arrangement based on mass production, stable jobs, high wages,

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2
Q

Corporate disinvestment

A

Companies stop investing in facility construction and begin selling assets like machinery

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3
Q

Offshoring

A

When a country relocates their firm to another country

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4
Q

Outsourcing

A

When a company transfers part of their firm to a third party

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5
Q

Deindustrialization

A

The decline and sometimes complete disappearance of emoloyent in the manufacturing sector in the cores industrial centers

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6
Q

Special economic zone

A

Business and trade laws are different for those in the rest of the country

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7
Q

Export processing zone

A

Special incentives to attract foreign investment to places where imported materials undergo processing or assembly before being re-exported

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8
Q

Free trade zone

A

Specially designated duty free area that provides warehousing, storage, and distribution facilities for goods intended for trade or re-export

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9
Q

New international division of labor

A

The spatial shift of manufacturing from developed Conroe is to developing countries including the global scaling of labor markets and industrial sites

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10
Q

Post fordism

A

The shifts from manuefacturing to spatially dispersed production sites. Permanent to temporary workforce

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11
Q

Just in time manufacturing

A

The production of small batches of goods as needed by customer deman

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12
Q

High technology industry

A

Am I dusted that develops and uses the most advanced technologies available and has the highest levels of research and development

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13
Q

Agglomeration Economies

A

Occur where firms cluster in order to take advantage of skillled labor and ease of face to face contact

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14
Q

Multiple effects

A

The creation of new business and jobs in other industries because of investment in a different industry

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15
Q

Growth pole

A

Geographically pinpointed center of economic activity organized around a designated industry, commonly the high tech sector

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