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Stupid REA AP Geo


Quaternary Include assembling, distributing, and processing information, and managing other business operations.
Quinary Subset of Quaternary activities involving highest level of decision making, such as that of a legislature or a presidential cabinet.
Least Cost Theory Model predicting where industries would locate based on the places that would be the lowest cost to them.
Material Orientation Result of locating weight-losing industries near the supply of raw resources.
Market Orientation Result of locating weight-gaining industries near the marketplace for the heavier product.
Footloose Industry not bound by locational constraints and able to choose to locate wherever it wants.
Agglomeration Clumping together of industries for mutual advantage.
Deglomeration Unclumping of industries because of the negative effects and higher costs associated with overcrowding.
Substitution Principle Asserts that an industry will choose to move to access lower labor costs despite higher transportation costs.
Backwash Effect Occurs when other regions suffer a drain of resources and talent due to agglomeration in another region.
Informal Sector Network of business transactions that aren't reported and therefore not included in the country's GDP and official economic projections.
Structural Theory Argue that LDCs are locked into a vicious cycle of entrenched underdevelopment by the global economic system that supports an unequal structure.
Dependency Theory Exemplifies the structural perspective, arguing that the political and economic relations among countries limit the ability of LDCs to modernize and develop.
Conglomerate Massive corporation operating a collection of smaller companies that provide it with specific services in its production process.
NIC Country that has recently established an industrialized economy based on manufacturing and global trade.
Special Economic Zone Region offering special tax breaks, eased environmental restrictions, and other incentives to attract foreign business and investment.
Export Processing Zone Region of an LDC that offer tax breaks and loosened labor restrictions to attract export-driven production processes, such as factories producing goods for foreign markets; sometimes called free-trade zone.
Fair Trade Policies that favor oversight of foreign direct investment and outsourcing to ensure that workers throughout the world are guaranteed a living wage for their work, enough to survive in their home countries.
Free Trade Concept of allowing multinational corporations to outsource without any regulation except for the basic forces of market capitalism.
Structural Adjustments Stipulations that require the country receiving an international loan to make economic changes in order to use the loan.
Pacific Rim together with China and Japan, the four Asian Tigers make up the core of the Asian economic engine.
Commodification Giving a price tag or value to something that was not previously perceived as having a money-related value.
World Systems Analysis Looks at the world as a capitalistic system of interlocking states.
Created by: pedro5
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