Chapter 2 Flashcards

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1
Q

Capitalism

A

A form of economic and social organization characterized by the profit motive and the control of the means of production, distribution, and exchange of goods by private ownership.

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2
Q

Climate change

A

Defined by the Intergovernmental Panel on Climate Change (IPCC) as “a change in the state of the climate that can be identified,
like with using statistical tests, by changes in the mean and/or variability of its properties, and persists for an extended period, typically decades or longer.

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3
Q

Colonization

A

The physical settlement in a new territory of people from a colonizing state.

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4
Q

Colonialism

A

The establishment and maintenance of political and legal domination by a state over a separate society.

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6
Q

Commodity chains

A

Networks of labour and production processes beginning with the extraction or production of raw materials and ending with the delivery of a finished commodity.

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7
Q

Digital divide

A

Inequality of access to telecommunications and information technology, particularly the internet.

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8
Q

Comparative advantage

A

The specialization of a country in an economic activity that does not duplicate or compete with the domestic suppliers within core countries.

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9
Q

Core regions

A

Regions that dominate trade, control the most advanced technologies, and have high levels of productivity within diversified economies.

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10
Q

Fast world

A

People, places, and regions directly involved, as producers and consumers, in transnational industry, modern telecommunications, materialistic consumption, and international news and entertainment.

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11
Q

Division of labour

A

The specialization of different people, regions, or countries in particular kinds of economic activities.

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12
Q

Environmental determinism

A

A doctrine holding that human activities are shaped and constructed by the environment.

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13
Q

Hearth areas

A

Geographic settings where new practices have developed and from which they have spread.

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14
Q

Ethnocentrism

A

The attitude that a person’s own race and culture are superior to those of others.

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15
Q

External areas

A

Regions of the world not yet absorbed into the modern world-system.

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16
Q

Globalization

A

The increasing interconnectedness of different parts of the world through common processes of economic, environmental, political, and cultural change.

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18
Q

Hinterland

A

The sphere of economic influence of a town or city.

19
Q

Hydraulic empire

A

A state in which despotic rulers organized labour intensive irrigation and drainage schemes that allowed for significant increases in agricultural productivity.

20
Q

Hegemony

A

Domination over the world economy exercised by one national state in a particular historical epoch though a combination of economic, military, financial, and cultural means.

22
Q

Law of diminishing returns

A

The tendency for productivity to decline with the continued application of capital and/or labour to a given resource base.

22
Q

Imperialism

A

The deliberate exercise of military power and economic influence by powerful states in order to advance and secure their national interests.

23
Q

Minisystem

A

A society with a single cultural base and a reciprocal social economy.

23
Q

Import substitution

A

Copying and making goods preciously available only by trading.

25
Q

Leadership cycles

A

Periods of international power established by individual states through economic, political, and military competition.

25
Q

Pandemic

A

An epidemic that spreads rapidly around the world with high rates of illness and death.

26
Q

Neo-colonialism

A

Economic and political strategies by which powerful states in core economies indirectly maintain or extend their influence over other areas or people.

27
Q

Plantations

A

Large landholdings that usually specialize in the production of one particular crop for market.

27
Q

Peripheral regions

A

Regions with dependent and disadvantageous trading relationships, obsolete technologies, and undeveloped or narrowly specialized economies with low levels of productivity.

28
Q

Risk society

A

Notion of a society in which the significance of wealth distribution is being eclipsed by the distribution of risk and in which politics-both domestic and international-is increasingly about avoiding hazards.

29
Q

Semiperipheral regions

A

Regions that are able to exploit peripheral regions but are themselves exploited and dominated by core regions.

29
Q

Slow world

A

People, places, and regions whose participation in transnational industry, modern telecommunications, materialistic consumption, and international news and entertainment is limited.

30
Q

Spatial justice

A

The fairness of the distribution of society’s burdens and benefits, taking into account spatial variations in people’s needs and in their contributions to the production of wealth and social well-being.

31
Q

Staples thesis

A

A proposition arguing that the export of Canada’s natural resources, or staples, locked this country into dependency as a resource hinterland for more advanced economies and so delayed the maturing of its own economy.

32
Q

Staples trap

A

An over-reliance on the export of staples, which makes an economy (national or regional) vulnerable to fluctuations in world prices and without alternatives when resource depletion occurs.

33
Q

Technology systems

A

Clusters of interrelated energy, transportation, and production technologies that dominate economic activity for several decades at a time.

36
Q

Transnational corporations

A

Companies with investments and activities that span international boundaries and with subsidiary companies, factories, offices, or facilities in several countries.

37
Q

World-empire

A

Minisystems that have been absorbed into a common political system while retaining their fundamental cultural differences.

38
Q

World-system

A

An interdependent system of countries linked by economic and political competition.

41
Q

Sustainability

A

The interdependence of the economy, the environment, and social well-being.