Geo 331 Tech Quiz Flashcards
1
Q
Economic restructuring
A
=sectoral and spatial shift in the production of goods and services
2
Q
R&D
A
=systematic augmentation of deeding of knowledge applied to the practical problem in order to generate a commercial return
3
Q
IP (Intellectual property)
A
=knowledge that is novel, including products and processes that are protected
(patents, trademarks, copyrights)
4
Q
Innovations
A
=useful inventions
- incremental : small changes/improvements
- radical : changes in tech systems, new product category
- revolutionary : long-waves (50+ year cycles)
5
Q
Branch Plant
A
=locate in areas where you want access to labor, market
6
Q
Special Economic Zones (SEZ)
A
=free-trade zone for encouraging investment (started in CHINA)
- export-only zones
- (also to gain technologies, know-how)
7
Q
Fordism
A
=mass production (internal economies of scale) for mass markets
8
Q
Flexible production
A
=mass production but smaller scale (for niche markets)
