Exam 7: Geographies of Economic Development

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Creative destruction refers to the

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Places of economic activity organized around one or more high-growth industries are known as

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New methods of manufacturing may lead transnational firms to shift some of their production back to core countries.

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The key concept in neo-Fordist production systems is

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The process of cumulative causation

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External economies can be derived through

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In peripheral countries,a greater percentage of the labour force is engaged in primary and secondary activities than in tertiary and quaternary activities.

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It is believed that the overall effect of foreign direct investment on targeted regions is

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The world's leading exporter of outsourced service activities is

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The primary sector of the economy includes

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Localization economies occur when many firms in one industry are located in the same area.

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Match the person to what she or he is known for. -received Nobel prize for work on cumulative causation

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Places that,in the globalized world economy,are able to generate powerful spirals of local economic development and also play a significant role in the reorganization of global space are known as

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Which of the following is expressed in international dollars,using a purchasing power parity conversion factor?

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Creative destruction refers to the withdrawal of ________ from declining areas and activities for use in new areas and activities.

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Secretive and hidden from taxation,as much as 60% of the world's money lies in offshore financial centers distributed throughout the world's

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Innovations and new technology systems create new opportunities for initial advantage and cumulative causation in peripheral regions.

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Match the description with one or the other group of countries. -autarkic regions

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Write a short essay where you use the textile industry to illustrate how the globalization of production has resulted in a complex set of commodity chains.

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With deindustrialization of the 1960s and 1970s,the U.S.Manufacturing Belt became the Rustbelt.

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