All Flashcards
What are the causes and effects of deindustrialization?
Causes: Technological change, globalization. Effects: Rising unemployment, declining incomes, social unrest.
How does the shift from primary to tertiary impact development?
Higher GDP, increased urbanization, and a more skilled labor force.
What are the impacts of core countries on periphery countries?
Periphery countries become dependent on core countries for trade and investment, often lacking economic and political power.
How does globalization lead to deindustrialization?
Companies move production to countries with lower labor costs, leading to factory closures in developed countries.
What impact does technology have on deindustrialization?
Automation reduces the need for human labor in manufacturing, causing job losses and factory closures.
How does a shift to tertiary-based economy impact social structure?
Changes in class structure, increased inequality, and changing gender roles.
What are the effects of efficient break-of-bulk points?
Efficient movement of goods over long distances, crucial for the global supply chain.
What are the potential impacts of unsustainable practices in the primary sector?
Depletion of natural resources, environmental degradation, and long-term economic instability.
What is the impact of the quaternary sector on the rest of the economy?
Drives innovation and competitiveness in other sectors through research, technology, and information.
How does the quinary sector influence economic performance?
Through strategic decisions and policy development that shape the direction of the entire economy.
Explain the Core-Periphery Model.
Divides countries into core (dominant), semi-periphery (intermediate), and periphery (dependent) based on economic and political power.
What is the key idea behind commodity chains?
To understand the social, economic, and environmental impacts of production from start to finish.
What is the significance of break-of-bulk points?
Enables efficient movement of goods over long distances and are crucial for the global supply chain.
What advantage do core countries have in global trade?
They are highly industrialized and economically advanced, allowing them to dominate global markets.
What is the main impact of deindustrialization?
Rising unemployment, declining incomes, and potential social unrest in affected regions.
What drives innovation in the tertiary sector?
The service sector creates high-skilled jobs, which in turn drives innovation.
What is the role of the quinary sector?
It influences the direction and performance of the entire economy through high-level decision-making.
What is a major concern within the primary sector?
Sustainability is a big concern because it directly uses natural resources.
What drives economic growth in the secondary sector?
Specialized equipment and skilled labor.
What drives innovation and competitiveness in the quaternary sector?
Highly skilled, knowledge-intensive industries.
What is Primary Production?
Extraction of raw materials from the earth (farming, mining, fishing, forestry).
What is Secondary Production?
Processing raw materials into finished goods (manufacturing, construction).
What is Tertiary Production?
Providing services rather than physical goods (healthcare, education, finance).
What is Quaternary Production?
Creation and distribution of knowledge and information (R&D, IT, consulting).
What is Quinary Production?
Highest level of economic activity involving decision-making and policy-making.
What is a Commodity Chain?
The entire process of a product's life, from raw material extraction to final sale.
What are Break-of-Bulk Points?
Locations where goods transfer from one mode of transportation to another.
What are Core Countries?
Highly industrialized, economically advanced countries that dominate the global economy.
What are Semi-Periphery Countries?
Countries between the core and periphery, with a mix of characteristics from both.
What are Periphery Countries?
Less industrialized, less economically developed countries often dependent on core countries.
What is Deindustrialization?
Decline in a country's industrial sector, often with job losses and factory closures.