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Economic Geography Study Guide

by: Kenzie Scanlon

Economic Geography Study Guide POLS 021

Marketplace > Ohio University > POLS 021 > Economic Geography Study Guide
Kenzie Scanlon

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About this Document

Series of questions and answers to help prepare for economic geography assessment
American Political Science
Eileen K. Burgin
Class Notes
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This 2 page Class Notes was uploaded by Kenzie Scanlon on Thursday July 28, 2016. The Class Notes belongs to POLS 021 at Ohio University taught by Eileen K. Burgin in Summer 2016. Since its upload, it has received 2 views.


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Date Created: 07/28/16
1. What is economic geography? a. Study of the flow of goods and services across space 2. What is deindustrialization? An example. a. When an industrial factory picks up and moves to a different location but keeps in economic base. Ex: Rust Belt 3. According to Alfred Weber and the Least Cost Theory, what two things do firms look at when deciding where to locate? Explain each of these things and give at least 3 specific examples with explanations. a. Transportation Costs i. If its perishable it must be closer to market ii. The longer the distance the cheaper per mile iii. Air is fastest but most expensive b. Market Orientation Firms i. Products gain weight and volume through production ii. If the finished product weight more or is perishable the plant must be moved closer to market iii. Ubiquitous Industry: industrial distribution is direct proportion to distribution to population 4. What is agglomeration? a. When companies of the same industry cluster in a similar small location to draw from the same resources 5. What are reasons for a company to outsource? a. Cheaper labor b. Decent infrastructure c. No environmental regulations 6. What are trading blocs? Give an example a. Industrial competition in MDC’s in between block, not countries. EX: NAFTA 7. List and explain industrial problems in LDC’s a. Distance from markets – far from wealthy consumers in MDC’s b. Cheap labor  best drawing card for industry c. Poor infrastructure—(roads, technology, etc.) 8. What are Export processing zones? a. Zones officially designated for manufacturing. Ex: Maguiladoras along US/Mexico border 9. What is HDI, what does is measure, and what is a strong score? a. Human development index b. Literacy rates, GDP, life expectancy c. Highest score is 1.0 10.List and explain the five categories of jobs/activities a. Primary- fishing, farming, involves land b. Secondary- manufacturing, industry c. Tertiary- services d. Quaternary- research and development e. Quinary- high tech scientific research 11.What is GDI, what does it measure, and what’s a high score? a. Gender development index b. Looks at same measure as HDI but emphasizes disparity between genders c. Highest score is 1.0 12.What is GEM? What does it measure? a. Gender empowerment measure b. Measures how equally men and women are treated in regards to available opportunities and equal freedoms. 13.There are two prominent options to help LDC’s develop. List and explain the two options. What are problems with each? a. Option one: Self Sufficiency/Balanced Growth Approach—country should invest across all sectors of the economy and all regions. i. Problems: Huge government bureaucracy b. Option two: International Trade Model—Identify a unique economic asset and export globally to use funds and profit to finance other development i. Problems: Won’t pass every stage 14.What are the stages required for a country to develop? List and explain each. a. Stage one: Traditional Society: country dominated by primary economic activities b. Stage two: Preconditions to Takeoff: preconditions to economic development are commercialized of agriculture and exploitation of raw materials c. Stage three: Takeoff: foreign investments jump start the economy and rapid growth d. Stage four: Drive to Maturity: development and modern technology diffuse to wider uses e. Stage five: high levels of mass consumption and per capita income. 15.What are some negatives of loans from the world trade bank or IMF? a. LDC’s can’t pay interest on loans b. Debt is greater than annual income in 3o countries


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