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HG 6e CH 07 Lecture
HG 6e CH 07 Lecture
Geographies of
Economic
Development
Wendy A. Mitteager
State University of New York, Oneonta
Key Concepts
Economic development
Carrying capacity
Sustainable development
Division of labor
Fair trade
Deindustrialization
Economic globalization
Flexible production systems
Unevenness
Gross domestic product
(GDP)
Gross national income
(GNI)
Purchasing power parity
(PPP)
Figure 7.1 GNI is one of the best single measures of economic development. Use this map to
compare the core countries with the peripheral and semiperipheral countries.
Figure 7.4 Some countries are fortunate in having a broad range of cultivable land. Others
must rely on exploitation of one major resource for economic development.
Economic Structure
Primary, secondary,
tertiary, and quaternary
activities
Division of labor
Manufacturing value
added (MVA)
Newly industrializing
countries (NICs)
Foreign direct
investment
Transnational
corporations (TNCs)
Import substitution
Fair Trade
Figure 7.13 Fair trade coffee in Uganda Figure 7.14 A fair trade shop in Canterbury, England
Regional inequalities
Geographical path dependence
Initial advantage
External economies
Localization economies
Economic Globalization
Global assembly lines
and supply chains
Conglomerate
corporations
TNCs and globalization
Flexible production
systems
Fordism
Neo-Fordism
Economic Globalization
Just-in-time production
Vertical disintegration
Strategic alliances
Export-processing zones
Homogenization of
consumption
Experience economy
Outsourcing
Clusters of
specialized offices
Offshore financial
centers
Figure 7.30 Workers at a call center in India.
Future Geographies
Availability of
resources
Expansion of world
economy
Globalization of
industry
Transportation
technologies
High-speed rail
systems
Smart roads
Smart cars
End of Chapter 7