72 terms

Economic Geography Chapter 1

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What is the least important to geographers and geographical study?
The core of the earth
All of the following are examples of globalization of consumption except
playing U.S. style football
What has become less important because of globalization?
national and state borders
Which of the following cities would a transnational corporation be least likely to have its headquarters?
Beijing, China
Economic geography is concerned with
Production, transportation, communication, and consumption
In what places is the highest rate of growth in tourism expected?
tropical regions
Which of the following is NOT a critique of logical positivism (spatial analysis)?
It pays too little attention to statistical analysis.
The discipline of Geography primarily examines
why things are located where they are.
Geography is best described as a discipline
in which space, how the earth's surface is used, and how human activities differ from place to place is studied.
To view the world geographically is to see space as
socially produced.
What is a main focus of poststructuralists in geography?
the nature of capitalism
What is a core belief of poststructuralists in geography?
There is no single objective view of the world.
Where and when did capitalism originate?
Western Europe in the late fifteen and sixteenth centuries
The guiding imperative in capitalist economies is
profit.
Gross national product is a measure of
economic development.
The U.S. has the largest economy in the world, and Japan has the third largest. Which country has the second-largest economy in the world?
China
What system involves free markets with minimal government intervention?
laissez faire
What percentage of the world's population is in the United States, and what is its share of world economic output?
5% of population; 25% of output
What are the principal instruments of globalization in the last 30 years?
TNCs
What was the Second World?
the Soviet Union and Eastern Europe
What is the Fourth World?
the poorest countries of the Third World
When did the United States displace Britain as the world's leading superpower?
1940s; after World War II
What is a hegemonic power?
the most powerful country in the world
When did the relative power of the United States begin to decline with intense competition from Japan and Germany?
1970s
In what decade did the Soviet bloc collapse and disappear?
1990s
Globalization
is a mixture of both negative and beneficial effects.
Which of the following is NOT TRUE regarding globalization and telecommunications?
Virtually all of the people on Earth have access to the Internet.
What are TNCs? (These are sometimes referred to as MNEs.)
multi-national companies, they are often headquartered in the developed world
Which is NOT TRUE regarding TNCs?
Their total number has decreased since 1970 with mergers and consolidations.
What is FDI?
investment by foreigners in factories that are operated by the foreign owners of a TNC
What is one aspect of "neoliberalism"?
countries modifying their laws and regulations to encourage transnational operations
Which is TRUE?
The proportion of FDI that core countries are allocating to periphery countries is declining.
What were the original factors of production in global development?
population and resources
What generates one-third of the foreign revenues (earnings) of the United States?
services
What is a "real-time information system"?
one that makes information available as it happens
Which is NOT TRUE regarding globalization?
It completely destroys unique local diversity.
What is an obstacle that threatens the possibility of future economic growth in the world?
all of the above are obstacles
What was the purpose of IMF conditionality, which was often imposed in the developing world since 1980?
restore growth, reduce central government involvement in the economy, and expand exports
Which approach to the study of economic geography identifies the complex ways that people acquire and interpret spatial information?
Behavioral
Which approach to the study of economic geography focuses on how human socialization and social reproduction influence how people create geographic space?
Humanistic
Which approach to economic geography suggests that economic landscapes are produced by social relationships of power and wealth that organize space in historical distinctive forms?
Structural
What important modern development in economic geography is fostered by cultural, technological, political, and cultural change?
Globalization
What is the basic premise of the Core-Periphery relationship?
As the world economy expanded, it developed a core of dominant, developed countries and a periphery of dominated less developed countries.
What is the state of Economic Geography with respect to its overall approach?
Economic geography recognizes several different schools of thought.
Which of the following are characteristics of the "world economy"?
It is a multistate economic system. It was created in the late 15th and early 16th centuries. It includes a core of dominant countries. It is based on capitalism.
The original factors of production in global development—population and resources—are declining in importance and being replaced by specialization.
TRUE
The United States took over from the German Empire as the world's economic and political superpower.
FALSE
Nations and states are the primary agents of international trade today.
FALSE
According to the authors of your textbook, national and state borders have become less important because of globalization.
TRUE
The petroleum crises of 1973 and 1979 played a key role in changing the world order created by the U.S. after World War II.
TRUE
The major criticism of logical positivism is that it represents people as merely points on a map.
TRUE
Social convention and kinship are key factors in economic production in traditional economies.
TRUE
Massive over-consumption be most likely to occur in the United States.
TRUE
Shortage of clean water is one of the most easily fixed problems in LDCs (less developed countries).
FALSE
No MNCs are larger than some national economies of the countries of the world.
FALSE
The primary flow of goods associated with globalization of consumption is from more developed countries to less developed countries.
TRUE
Some people resent globalization as they see it as American cultural imperialism
FALSE
According to the Core-Periphery relationship, as the world economy expanded, it developed a core of dominant, developed countries and a periphery of dominated less developed countries.
TRUE
According to your text, today's world economy began in the 1900s, along with the rise of the automobile industry.
FALSE
The total number Of TNCs has increased since 1970 with mergers and consolidations.
FALSE
Annual world economic growth rates average between 3% and 5% annually.
FALSE
Japan has the second largest economy in the world.
FALSE
Social relations, including an examination of uneven distributions of power are an important starting point for studying economic geography.
TRUE
Globalization of the economy has necessitated the conceptualization of the world as a system rather than simply a set of regions.
TRUE
A fundamental element of economic geography is culture.
TRUE
________ ________ is focused on the interactions between political agents; their institutional frameworks; the structure of class, power, and inequality; and social and economic constraints to individual behavior.
Political economy
________ ________ attempts to explain and predict geographic decisions that result from aggregates of individual decisions, such as those that underlie the locations of companies and households.
Location theory
The study of space is inseparable from the study of ________.
time
The Third World, because of the geographical location of most of its countries, is also known as the ________ ________.
global South
________ is the difference between revenues a firm receives and its production costs.
Profit
The networks, processes, and institutions that shape the planetary system of resource distribution, create wealth and poverty in different parts of the globe is the ________ ________.
world economy
The international economic system is synonymous with the ________ ________.
world economy
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