| Term | Definition |
|---|
| globalization | The expansion fo economic, political, and cultural activities to the point that they become global in scale and impact. |
| Fordism | Based on the man who made the mass-production assembly line pioneered by Henry Ford. |
| foreign direct investment | The investment of capital by a country or corporation in an area away from the home base of the investor. |
| high-technology corridors | Areas along or neajor transportation arteries that are devoted to the research, development, and sale of high-technology products. |
| manufacturing export zones | A feature of economic development in peripheral countries whereby the host country establishes areas with favorable tax, regulatory, and trade arrangements in order to attract foreign manufacturing operations. |
| new international division of labor | A late-twentieth-century set of global economic relationships characterized by a growing dominance of service industries in the global economic core and an associated shift of manufacturing to parts of the developing world. |
| technopole | Centers or nodes of high-technology research and activity around which a high-technology corridor is sometimes established. |
| time-space compression | A term associated with the work of David Harvey that refers to the social and psychological effects of living in a world in which time-space convergence has rapidly reached a high level of intensity. |
| time-space convergence | A term coined by Donald Janelle that refers to the greatly accelerated movement of goods, information, and ideas during the twentieth century made possible by technological innovations in transportation and communications. |
| world cities | Dominant cities in terms of their role in the global political economy. They are centers of strategic control of the world economy. |
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