PHHS - APHUG: Important vocab for Unit 6 - Industrialization and Economic Devel.
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resources that are finite in amount; once they are used up they are gone | show 🗑
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resources that are infinite in amount and can be used over and over again | show 🗑
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concept that the value of a manufactured product is greater than the sum of its raw materials | show 🗑
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show | durable good
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show | non-durable good
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show | commodity chain or supply chain
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show | low-benefit services
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show | high-benefit services
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show | raw materials
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show | labor
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show | transportation
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show | infrastructure
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one of the five required inputs for manufacturing; a "power source" is needed to do the work | show 🗑
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industries where the raw materials and manufacturing are located in the same place | show 🗑
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show | secondary industries
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states that three factors are considered in the decision of where to locate secondary industries: variable costs, friction of distance, and distance decay | show 🗑
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states that three costs will attempt to be minimized when considering where to locate secondary industries: transportation, labor, and agglomerations | show 🗑
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show | substitution principle
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occurs when agglomerations become over-developed and lead to increasing costs of land, labor, and transportation | show 🗑
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industries that use large, bulky raw materials to create smaller, lighter finished products | show 🗑
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industries that assemble many small, light parts into a large, bulky finished product | show 🗑
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show | Fordism
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movement that introduced mechanization in the secondary sector | show 🗑
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show | Central and Western Europe
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show | Eastern North America
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show | Russia and Ukraine
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one of the primary industrial regions; includes China and Japan | show 🗑
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show | comparitive advantage
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show | break-of-bulk point
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show | Special Economic Zones (SEZs)
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exports zones in northern Mexico that primarily manufacture goods for export to the United States | show 🗑
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divides the world into categories: 1st world/2nd world/3rd world | show 🗑
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show | 4th world states
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show | 5th world states
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theory that divides the world economically into cores, peripheries, and semi-peripheries | show 🗑
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South Korea, Taiwan, Hong Kong, Singapore; industrialized in the 1950s-1970s through U.S. foreign aid | show 🗑
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show | New Asian Tigers
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show | Gross National Product (GNP)
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show | Gross Domestic Product (GDP)
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show | Gross National Income (GNI)
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show | trade surplus
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when the value of a country's imports is higher than its exports | show 🗑
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show | per capita
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measures the development of a country on a scale of 0 to 1 by analyzing the country's GDP per capita, literacy rate, average education level, and total life expectancy | show 🗑
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show | Gini Coefficient
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show | Gender-Related Development Index (GDI)
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theory that all countries will go through 5 similar stages as they industrialize; created by Walt Rostow | show 🗑
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three main criticisms of the modernization model: | show 🗑
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theory that countries will get stuck in cycles of debt and repayment as they attempt to industrialize; created by Raul Prebisch | show 🗑
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Possible ways to end the cycle of dependency: | show 🗑
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money given from 1st world to 3rd world countries | show 🗑
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money loaned from organizations like the World Bank and IMF to developing countries to assist in industrialization and construction of infrastructure | show 🗑
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money invested by individuals or corporations in emerging economies with the hopes of making large profits | show 🗑
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show | deindustrialization
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reason why America deindustrialized | show 🗑
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states that retail locations should be placed in areas that meets the threshold number and minimizes the range of consumer travel | show 🗑
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theory that analyzes desireable traits in areas to attract protential employees | show 🗑
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cities that drive the global economy due to contentrations of money and power | show 🗑
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show | global warming
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