Economic Geography Quiz & Flashcards

Economic geography focuses on the location and distribution of economic activities.

Core regions are economically developed and influential in global trade.

Agglomeration economies lower costs through shared services and infrastructure.

Primary activities include raw material extraction like farming.

Location theory provides insights into business location decisions based on various factors.

Transportation networks are crucial for the efficient movement of goods and economic growth.

Urbanization economies arise from the benefits of having many people and businesses in close proximity.

Global cities are significant nodes in the global economic system with extensive influence.

Technology shifts the spatial organization and distribution of economic activities.

Deindustrialization refers to the reduction of industrial activity in a region.

Footloose industries can locate anywhere due to low dependency on specific resources.

Spatial mismatch describes the separation between residential areas and job locations.

Transnational corporations impact global economic trends by operating across multiple countries.

Economic diversification involves expanding economic activities to minimize dependency on a single sector.

Fiscal policy impacts regional development by allocating resources and setting taxation levels.

Special economic zones are set up to attract investment by offering special incentives.

Cumulative causation describes a self-reinforcing cycle of economic growth in a region.

The gravity model forecasts trade flows by considering economic size and distance between regions.

Urban sprawl leads to higher infrastructure costs and economic inefficiencies.

Industrial clusters boost innovation and efficiency by concentrating related industries in a region.

Economic convergence refers to poorer regions catching up with richer ones economically.

Knowledge economies emphasize the role of information and technology in economic activities.

Cultural economies shape regional economic identities and influence consumption patterns.

Path dependence suggests that historical economic activities influence current spatial patterns.

Trade agreements change trade patterns and influence where industries are located.

Economic base theory posits that a region's prosperity is linked to its export activities.

Transportation costs are key factors in determining where businesses choose to locate.

Regional economic integration involves countries working together to improve economic relations and reduce barriers.

Innovation hubs concentrate high-tech industries and research, stimulating regional economic development.

Financial services are crucial for transactions and influence where businesses choose to locate.

The new economic geography examines factors like increasing returns and transportation costs in regional development.

Trade corridors improve the movement of goods, impacting regional economic growth.

Economic restructuring involves changing the economic structure, often towards service-based activities.

Digital infrastructure supports remote work and digital services, affecting the spatial distribution of economic activities.

Comparative advantage allows regions to produce goods more efficiently, influencing trade patterns.

Labor market segmentation divides the labor market into different categories with varied characteristics.

Regional planning aims to coordinate economic activities and infrastructure for balanced regional growth.

Global supply chains involve the international flow of goods, affecting where economic activities are located.

Natural resources are key to shaping development by supplying essential raw materials for industries.

Migration impacts labor markets and demographic structures, influencing the spatial distribution of economic activities.

Digital infrastructure is crucial for enabling remote work and maintaining global economic connectivity.

Economic geography examines how economic activities affect resources and promotes sustainable practices.

Urban sprawl leads to higher infrastructure costs and economic inefficiencies due to uncontrolled expansion.

Cultural factors shape consumption patterns and business practices, influencing regional economic identities.

Spatial distribution refers to the geographic dispersion of economic activities across a region.

Tourism generates income and creates jobs, significantly impacting regional economies.

Natural resources provide raw materials, affecting where industries and activities are located.

Economic zones are crucial for attracting investments and generating employment opportunities, boosting regional development.