ch 10 frq Flashcards
define a maquiladora
a manufacturing plant in Mexico that imports materials duty-free for assembly and then exports the finished products. It operates under EPZ regulatIons.
discuss one factor that explains why mexico has emerged as an important location in the current global system of industrial organization
one location factor is mexico’s close distance to the U.S. reduces transportation costs and time, making it a key location in global industrial organization
using a different indicator than the one identified in part a, explain why brazil’s hdi score is higher than that of afghanistan
brazil has a higher hdi score than afghanistan because it has a higher gni per capita, produces higher value goods and services per person, and brazil has more productive economy per person.
sdg 8 is to “promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.” explain one way in which a country’s development of ecotourism might affect economic growth
ecotourism may result in an increase in tourism revenue, more foreign currency, and tax revenues
using the data table, explain one way in which the products listed relate to these clusters comparative advantage in global trade
clusters benefit from agglomeration effects in which similar firms locating near each other reduce the cost of production due to low transportation costs, increased labor supply, and knowledge accumulation
define the concept of an informal economy
an informal economy are economic activities that aren’t regulated by the government, such as unregistered small business or selling illegal drugs
explain the degree to which granting micro loans to individual women in less developed countries may be an effective strategy for economic development
micro loans to women in ldcs are intent to help women create small businesses. as these small businesses grow, regional economic development is expected to occur such as industrialization
