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15 Cards in this Set
- Front
- Back
IMF |
Organization which gives loans to poor countries |
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Industrial Revolution |
Social and economic changes in agriculture, Commerce, and Manufacturing that resulted from technological innovations and specialization in the late 18th century Europe |
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Intermodal connections |
Places where two or more modes of transportation meet |
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Just-in-time delivery |
Method of inventory management made possible by efficient transportation and communication systems, whereby companies keep on hand just what they need for near-term production |
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Least cost Theory |
Model developed by Alfred Weber According to which the location of manufacturing establishments is determined by the minimization of three critical expensive labor, transportation, and agglomeration |
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Newly industrializing countries |
States that underwent industrialization after World War II and whose economies have grown at rapid pace |
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Offshore |
With reference to production, to Outsource to a third party located outside of the country |
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Outsource |
With reference to production, to turn over to a third party in part or in total |
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Product life cycle |
The introduction, growth, maturity ocean, and decline of a product |
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Rust Belt |
The post-industrial region of the Northeast and Midwest, referring to his economic decline, population loss, and Urban Decay due to the shrinking of its one powerful industrial sector |
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Spatial fix |
The movement of production from one site to another based on the place based cost advantages of the new site |
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Sunbelt |
The South and southwest regions of the us where the climate is warm |
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Technopole |
Center through nodes of high-tech research and activity around the high technology corridor |
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Vertical integration |
Ownership by the same form of a number of companies that exist along a variety of points on a commodity chain |
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WTO |
Organization of a hundred plus governments who work to promote Freer trade among member |