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AP HUG: Ch. 11 Vocab.
Terms in this set (37)
Factories built by US companies in Mexico near the US border, to take advantage of much lower labor costs in Mexico
NAFTA (North American Free Trade Agreement)
Agreement entered into by Canada, Mexico, and the United States in December 1992 and which took effect on January 1, 1994 to eliminate the barriers to trade in, and facilitate the cross-border movement of goods and services between the countries
A series of improvements in industrial technology that transformed the process of manufacturing goods
Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution
A fabric made by weaving, used in making clothing
A industry in which the final product weighs less or comprises a lower volume than the inputs
A industry in which the final product weighs more or comprises a greater volume than the inputs
An American multinational motor vehicle production company that is headquartered in Detroit, Michigan that used site and situation factors in order to determine the location of the factory that would produce the Saturn model. The location chosen was Spring Hill, Tennessee.
Manufacturers that make products sold primarily in one location, so they cluster near their markets.
Products that have a short time frame during which they can be sold, and after which they can never be sold.
A location where transfer is possible from one mode of transportation to another
Location factors related to the costs of factors of production inside the plant, such as land, labor, and capital
Labor Intensive Industry
An industry for which labor costs comprise a high percentage of total expenses
Form of mass production in which each worker is assigned one specific task to perform repeatedly
Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks
Wealth in the form of money or other assets owned by a person or organization
The ability of industries to locate in a wide variety of places without a significant change in their cost of transportation, land, labor, and capital
The major center of computer software, semiconductors, and other computer products in the south San Francisco Bay area in California
The slowed demand for manufactured goods in MDCs due to little or no population growth, little or no rise in wages, market saturation, and because people in MDCs desire higher-quality products rather than cheap products.
The world's ability to produce more of an industrial product than ever before despite stagnant demand
A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs
New International Division of Labor
Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries
FDI (Foreign Direct Investment)
a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country
TNC (Transnational Corporation)
A company that conducts research, operates factories, and sells products in multiple countries, not just where its headquarters or shareholders are located
EPZ (Export Processing Zones)
Areas where governments create favorable investments and trading conditions to attract export-oriented industries
A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities
Contracting out selected functions or activities of an organization to other organizations that can do the work more cost efficiently
Parts are delivered to a assembly plant within minutes of being needed to be used in manufacturing rather than months or weeks in advance.
Industrialized capitalist MDCs that LDCs depend upon, and that control and benefit from the global market
Industrializing semi-capitalist countries that are nearing MDC status, and are located between LDCs and highly developed MDCs
LDCs that receive a disproportionally small share of the global wealth, that lack development, that have weak state institutions, and that depend on, and sometimes exploited by, MDCs
Involve transporting materials to and from a factory. A firm seeks a location that minimizes the cost of transporting inputs to the factory and finished products to the consumers.
The manufacturing region in the US that is currently debilitated because many manufacturing companies have relocated to countries offering cheaper labor and relaxed environmental regulations
The dispersal of an industry that formerly existed in an established agglomeration
A concept developed by Alfred Weber to describe the optimal location of a manufacturing establishment in relation to the costs of transport and labor, and the relative advantages of agglomeration and deglomeration
A theory developed by Immanuel Wallerstein that explains the emergence of core, periphery, and semi-periphery in terms of economic and political connections first established at the beginning of exploration in the late 15th century and maintained through increased economic access up until the present.
The idea that people living today should be able to meet their needs without prohibiting the ability of future generations to do the same