measuring development Flashcards
gross national product
total value of goods/services produced by a country’s residents regardless where they are located
primary industries
involves extracting natural resources (agriculture, mining, fishing, forestry)
secondary industries
involves transforming raw materials –> finished goods (construction, manufacturing, utilities)
Hottelling’s model
when businesses choose locations to maximize profit and minimize competition, and maximize market reach.
ex: ice cream stands places near each other at the beach attracts most customers, despite competition because they r centrally located
Weber’s least cost theory
focuses on minimizing transportation labor, and agglomeration costs
ex: raw materials are heavy, so factories should be located near the source of materials
Factors of Industrial Location (e.g. labor)l
Core-periphery model
Core regions: Wealthy, industrialized nations (US, Japan, Western Europe)
Periphery Regions: Poor, less developed countries (African countries)
Semiphery - countries transition to wealthier
(China, India)
Primary Industrial regions (Core)
Eastern North America, Western + Central Europe, Russia and Ukraine, Easter Asia
Secondary Industrial regions (Semi-periphery)
Mexico, Brazil, South Africa, Egypt, India
