Exam 7: Geographies of Economic Development

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How has Walmart been able to emerge as the world's leading retailer? Discuss the positive and negative impacts of its innovative strategies.

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As explained by Gunnar Myrdal,the ________ in one region causes backwash effects in another.

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Sharing a pool of labour with special skills and experience is characteristic of a

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Briefly describe the strategy known as import substitution,including its benefits and challenges.

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Match the description with one or the other group of countries. -single resource economies

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Localization economies are cost savings that a firm achieves by

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In the context of economic development over the last 30 years,regional inequality across the globe

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  -Which pair of countries share a continent? -Which pair of countries share a continent?

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Greatly increased transnational corporate activity over the last two decades is the primary reason for the globalization of the world economy.

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The International Labour Organization criticizes these "vehicles of globalization" for their lack of meaningful links to their surrounding domestic economies and because they trap people in low-wage and low-skill jobs.

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Match the description with one or the other group of countries. -wood for fuel

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Alberta's location in the Canadian hinterland mostly explains its relatively slow economic and demographic growth.

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The growth in the number and scale of transnational corporations

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The ability of a country to explore and exploit its resources is based on all but which of the following?

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The elasticity of demand is higher for

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At the global scale,the unevenness of economic development takes the form of core-periphery contrasts.

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Match the economic activity to its economic sector. -Wal-Mart retail store in Toronto

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Just-in-time production relies upon

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Match the description with one or the other group of countries. -high GDP per capita

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With the exception of some oil-rich economies,countries with large primary sectors of the economy have GDPs/capita ________ countries with large tertiary sectors.

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