Unit 6 - industrial and development Flashcards
investments made by a foreign company in the economy of another country
foreign direct investment
compares the ability of women and men to participate in economic and political decision making
gender empowerment measure
former measure of the US economy; the total market value of goods and services produced by all citizens and capital during a given period
gross domestic product
indicator of level of development for each country, constructed by United Nations, combining I com, literacy, education, and life expectancy
human development index
the portion of the economy concerned with the direct extraction of materials from earths surface
primary sector
the portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials
secondary sector
the portion of the economy concerned with transportation, communication and utilities, sometimes extended to the provision of all goods and services for people in exchange for payment
tertiary sector
companies with investments and activities and that span international boundaries and th subsidiary companies, factories, offices, or facilities in several countries
transnational corporations
jobs that deal with the handling and processing of knowledge and information
quaternary sector
The sector of industry suggested by some economists as compromising health education and other government industries not intended to make a profit
Quinary sector
grouping together of many firms from the same industry in a single area for collective or corporate use of infrastructure and sharing of labor resources
agglomeration
loss of Industral activity in the region
Deindustrialization
The total value of goods and services produced by the residents of a country within a specific time period
gross national product
The use of economic, political, cultural, or other treasures to control or influence other countries
neocolonialism
A monetary measurement of development that takes into account what money buys in different countries
purchasing power perity
The diffusion to or acquisition by one culture or retention of the technology possessed by another society
technology transfer
form of mass production in which each worker is assigned to one specific task to perform repeatedly
fordist production
The change from an agricultural to industrial society and from home manufacturing to factory production
industrial revolution
an industry for which labor cost compromises a high percentage of total expenses
Labor - intensive industry
those US firms that have factories just outside US/Mexico border in areas that I have been specially designated by the Mexican government
maquiladoras
The purchasing of services or products from an outside supplier or manufacturer in order to cut costs
outsourcing
location factors related to the cost of factors for productions inside the plant & capital
site factors
location factors related to the transportation of materials into and from the factory
situation factors
The principle that an area produces the items for which it has the greatest ratio of advantage of these ratio of disadvantage in comparison to other areas
comparative advantage
