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GLOBALIZATION
worldwide processes that make the world, its economic system and its society more uniform, more integrated, more independent the process of the economy becoming more worldwide in scope (the world BECOMING more connected)
SIGNIFICANCE
increased connectivity (distance, speed, frequency); places becoming relatively closer based on the cost it takes to send people, goods or information from one place to another.
DEINDUSTRIALIZATION
companies go from place to place to try to find the cheapest place to produce products/do business
HYPER MOBILITY OF CAPITAL
because of bad mortgages we have stock market crashes all over the world
INTEGRATION
making the world more uniform, integrate and interdependent
CONCENTRATION
while reflecting an economy becoming more worldwide in scope, the result is unevenly distributed across space
DIVERGENCE
something which contradicts process of convergence or represents a negative or unanticipated consequence of greater integration
INDUSTRIAL REVOLUTION
inanimate energy, technological innovation, and productivity
INANIMATE ENERGY
industrialization may be defined as the harnessing of inanimate sources of energy (running water, wood, etc)
TECHNOLOGICAL INNOVATION
to convert inputs to outputs which reduces costs and increases revenues
PRODUCTIVITY
level of output generated by a given volume of inputs
SPATIAL DIVISION OF LABOR
different stages of production can be spatially separated
YEARS OF THE INDUSTRIAL REVOLUTION
1790-1840
ORIGINS OF INDUSTRIAL REVOLUTION
Great Britain in the middle to late 1700s
DIVISION OF LABOR
production process, can be broken up and located in different places
CONSEQUENCES OF INDUSTRIAL REVOLUTION
1. creation of industrial working class 2. urbanization 3. a large population being able to sustain itself 4. growth of international trade
COST MINIMIZATION: LOCATION
economic activities locate where they can maximize profits world is shrinking because everything is fast and cheaper to send
COST MINIMIZATION: LABOR
low-cost locations favored for certain types of industries: unskilled labor=textiles, furniture, shoes textiles: from NE Us, to non-union U.S. South, to Caribbean then East Asia
COST MINIMIZATION: TRANSPORTATION
location reduces transport costs i.e. further away you are the more expensive it is to ship it. The heavier the item the more want there is to process them at the site to make them lighter for shipment so its cheaper
COST MINIMIZATION: AGGLOMERATION
cost savings from transactions transaction ("hidden") costs: finding buyers, sellers, workers; adjusting new technologies to end us
TYPES OF AGGLOMERATION
1. localization economies: many related firms mutually supportive 2. skilled labor 3. technological spillover 4. urbanization economies--large cities provide necessary services
AGGLOMERATION ECONOMIES: LOCALIZATION
many related firms mutually supportive; skilled labor but technology spillovers
AGGLOMERATION ECONOMIES: URBANIZATION
large cities provide necessary services; wanting to be near places where they can have cheap labor but also want to be near big places with big talent pools
INDUSTRIAL LOCATION MODEL: RAW MATERIALS
heavy raw materials relative to final product (paper: 3 tons wood for 1 ton paper so logs are processed into paper near site of wood)
INDUSTRIAL LOCATION MODEL: MARKET
transport costs exceed raw materials; locate near customers (beer, bread, mattresses)
TIME SPACE CONVERGENCE
the process, made possible by technology innovations in transportation and communication by which distant places are brought closer together in terms of the time taken to travel between them things are closer not necessarily by location but by time
COST SPACE CONVERGENCE
places getting closer because things are cheaper to ship to another place, not getting closer in terms of travel time or by distance
POPULATION TRENDS
80 million people added to the world each year; 3 per second
COUNTRIES THAT ARE LOSING POPULATION
Japan, Russian and some in Europe
SINCE 2010 WE REACHED ___ BILLION IN OUR POPULATION AND MORE POPULATION IS LIVING IN _______ AREAS THAN _________ AREAS.
7; urban; rural
WHY IS POPULATION GROWING?
migration; has kept us as a dynamic force because of this "new blood" where most of the population growth is along the coastal boundaries
BASIC DEMOGRAPHIC EQUATION
FP = SP + (B-D) + (I-O) final population = starting population + (births - deaths) + (in migration - out migration)
POPULATION DENSITY
numerical measure of the relationship between the number of people and some other unit of interest expressed in a ration and open graphically represented in a map
NET MIGRATION
can be temporary or permanent and tends to include some form of citizenship (I-O)/P(1000) relative frequency of people arriving vs. leaving
TYPES OF MIGRATION: RURAL-TO-URBAN
life in city is better than life on the farm; lots of construction projects to take some of the pressure off big cities as well.
TYPES OF MIGRATION: URBAN-TO-URBAN
global: between countries-->immigration (always be international and most of the time requires citizenship to take place).
EXAMPLES OF PUSH FACTORS
housing costs tax rates unemployment traffic persecution
EXAMPLES OF PULL FACTORS
good employment prospects affordable housing quality of life
MIGRATION SELECTIVITY...WHO MIGRATES?
age: 18-30 usually education: more educated, more likely to migrate places that are more developed have low birth and death rates, which equals a stable population
MIGRATION STREAMS: UNITED STATES
lower skilled workers come in to fill the jobs we don't want and higher skilled workers are filling jobs that deal with math and science that we cannot do. Some also say migration causes jobs to be taken away
DOES MIGRATION FILL JOBS THAT WOULDN'T BE FILLED OTHERWISE OR DOES IT TAKE AWAY JOBS FROM NATIVES?
as you go up the skill chain this is not the case; it fills jobs that wouldn't be filled otherwise

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