...ECONOMIC GEOGRAPHY Y U K O A O YA M A J A M E S T. M U R P H Y SUSAN HANSON KEY CONCEPTS IN key concepts in economic geography The Key Concepts in Human Geography series is intended to provide a set of companion texts for the core fields of the discipline. To date, students and academics have been relatively poorly served with regards to detailed discussions of the key concepts that geographers use to think about and understand the world. Dictionary entries are usually terse and restricted in their depth of explanation. Student textbooks tend to provide broad overviews of particular topics or the philosophy of Human Geography, but rarely provide a detailed overview of particular concepts, their premises, development over time and empirical use. Research monographs most often focus on particular issues and a limited number of concepts at a very advanced level, so do not offer an expansive and accessible overview of the variety of concepts in use within a subdiscipline. The Key Concepts in Human Geography series seeks to fill this gap, providing detailed description and discussion of the concepts that are at the heart of theoretical and empirical research in contemporary Human Geography. Each book consists of an introductory chapter that outlines the major conceptual developments over time along with approximately twenty-five entries on the core concepts that constitute the theoretical toolkit of geographers working within a specific subdiscipline. Each entry provides...
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...Unit-I Economic Geography Economics: Economics is the social science which studies optimum utilization of scarce resources. It basically studies economic activities, markets, allocation, money, capital, competition, resources, development, growth, welfare, well-being, poverty, deliberate, purposeful, rational, optimal, efficient, and many more. We can also define the economics as "Economics is the study of purposeful human activities in pursuit of satisfying individual or collective wants" "Economics is the study of principles governing the allocation of scarce means among competing ends" Geography: When we think of Geography, we often use the following words or concepts: location, site, place, access, spatial, regional, distance, separation, proximity, speed, mobility, transportation, resources, communication, agglomeration etc. Economic Geography: What are the major factors that explain the recent growth of the Chinese economy and the relative decline of the United States economy? What explains persistent poverty in pockets of global cities such as New York, London and Tokyo, and what prompted the emergence of vast urban slums in Calcutta? What are the impacts of globalization on people’s jobs and livelihoods in different parts of the world? Explaining the causes and consequences of uneven development within and between regions is a central concern for economic geographers. The discipline’s goal has long been to offer multi-faceted explanations for economic processes...
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...Assignment 4 Political Geography and International Economics Oct 18,2012 Question 1 answer: According the theory of external scale economic, it means when abundant companies in the same industry cluster within a small-scale location or specific geographic area, the average cost of their production will decrease, at the same time, the productivity will increase. External scale economic not only reduce the cost, but also force these companies to become more specialization under a competitive environment. Furthermore industry clustering also will attract numerous skilled and unskilled labours, and the transfer of labour in different firms also will promote the whole industry’s technology and knowledge. In addition, clustering helps to promote the development of peripheral industries. When 1898, the first U.S vehicle company Olds has been establish in Detroit. After that, with the development of modern automotive industry, amount of auto companies have been set up there. At the present time, Detroit gradually formed an external scale economic focus mainly on GM, Ford, Chrysler as center, supplemented with peripheral industries, such as auto accessory, auto Research and development. And because of the location of Detroit, which includes the Great Lakes, railways and three international airport terminals, efficient logistic system accelerates the development of external scale economic. In spite of the involve...
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...Clusters, Innovation, and Competitiveness: New Findings and Implications for Policy Professor Michael E. Porter Institute for Strategy and Competitiveness Harvard Business School Stockholm, Sweden 22 January 2008 This presentation draws on ideas from Professor Porter’s articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), “The Microeconomic Foundations of Economic Development,” (with C Ketels, M Delgado) in The Global Competitiveness Report 2006, (World Economic Forum, 2005), “Clusters and the New Competitive Agenda for Companies and Governments” in On Competition (Harvard Business School Press, 1998), and the Cluster Initiative Greenbook (Ivory Tower, 2004) by C Ketels, O Solvell, and G Lindqvist. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of the author. Additional information may be found at the website of the Institute for Strategy and Competitiveness, www.isc.hbs.edu The Changing Nature of International Competition • Falling restraints to trade and investment • Globalization of markets • Globalization of value chains • Shift from vertical integration to relying on outside suppliers, partners, and institutions • Increasing knowledge and skill intensity of competition • Nations and regions compete on becoming the most productive locations for business European...
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...understanding of which required tracing it far back into the past (Modelski et al. 2008, p. 13). However, Heywood (2007, p. 143) suggests, that because globalisation refers to such a wide range of things, e.g. policies, strategies, processes or an ideology, it may be concluded ‘slippery and elusive’ understanding of globalisation arises from its involvement in so many different areas of academia and the extensive and continuing discussion therein surrounding its properties. Regardless of different views on the definition and scope of globalisation, ‘Global North’ and ‘Global South’ have more specific criteria, although these meanings have also changed over time. The divide between ‘Global North’ and ‘Global South’ is broadly considered an economic, social and political division. In modern political literature, ‘Global North’ and ‘Global South’ classifications are usually attributed by the Human Development Index (HDI), which...
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...Position: Internet has no globalisation effect Argument 1 • The difference between well developed and less developed countries • Developed countries offer the most information and develop the internet, where is a gap to developing countries gets wider • Developed countries need to invest to be on a competitive basis to attend the internet revolution and therefore an cultural and economic change • Internet use is restricted to urban elites https://www.imf.org/external/pubs/ft/fandd/2008/06/images/picture3.gif https://www.imf.org/external/pubs/ft/fandd/2008/06/images/picture3.gif Argument 2 • The internet is just virtual and not corresponding to real world counterparts (cf. Hafez 2007) • The internet has failed to “…fundamentally open and democratized media systems across the world”. (Hafez 2007) https://c479107.ssl.cf2.rackcdn.com/files/13117/area14mp/9jmd4bq8-1342613644.jpg Argument 3 • No authenticy for knowledge on the internet http://25.media.tumblr.com/tumblr_mbibrtTCvz1qlpjkuo1_500.jpg http://andreasjungherr.net/wpcontent/uploads/2010/12/Abbildung-1-Anteile-derBundestagsparteien-und-der-Piratenpartei-an-denStimmen-und-Twitternennungen.png http://stats.wikimedia.org/GeoTaggedArticles.jpg Argument 4 • English as universal language is decreasing, web content gets increasingly multilingual http://1.bp.blogspot.com/-Er5gCBHESRE/UZPwCVuCvEI/AAAAAAAAI4k/0pCuA60RDYE/s1600/tumblr_mmqvy6CVA91s6bw99o1_1280.png http://i.livescience.c...
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...The Tragedy of Globalization Globalization has been around for over a thousand years and is not a new development of western nations. Globalization is simply the transferring of ideas from one society to another. Amartya Sen the author of “How to Judge Globalism”, and Sen believes that the whole world benefits from global cooperation, and there is uneven distribution of benefits. He believes another downside of globalization is the belief that globalization is a modern westernized concept. Globalization is not the sole cause of the inequality of wealth between developed and non-developed nations, but it is obvious that this new global marketplace has produced unequal benefits between developed and non-developed nations. Globalization needs regulations and reforms to be put into place in order to level the playing field of benefits. Globalization benefits all nations that are involved in the global trade of goods, foreign investment, and ideas. Although, with the current global market there is room for firms to take advantage of developing nations by outsourcing jobs from developed to developing countries in order to pay workers lower wages. Many of these less developed countries benefit from foreign investment by developed nations, but According to Sen (2002) the distribution of these benefits are not equal between rich and poor. Since there are no laws pertaining to globalization or a governing body, it is a free for all in the global market. There are...
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...EFFECTS OF GLOBALIZATION NEGATIVE Globalization has various aspects which affect the world in different ways such as: It gives access to products which are not readily available, to various countries, for example coffee from Kenya to the UK and Netherlands, thus giving developing countries an opportunity to produce and sell goods that in return are able to make a better living. This is, however, debatable. Wealthier countries which purchase these goods make production and trade rules that developing countries must follow. This reduces fair chances in the world market place, meaning developing and some developed countries are losing out and not making as much profit as they probably could. Increased prosperity has gone hand in hand with mass poverty. Already obscene inequalities between rich and poor are widening. (Watkins, 2002) Developed countries outsource many manufacturing jobs that were previously done by their citizens to developing countries like India and China, because labor is significantly cheaper. Outsourcing refers to obtaining goods by contract from outside sources. This is a lose-lose situation, as the people in these developed countries lose out on jobs, while those in developing countries are ridiculously underpaid for their labor, giving rise to the issue of human rights. Working conditions in these working areas are poor, salaries for the workers barely covering their cost of living. Despite outsourcing of industries providing jobs to people in third world...
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...Effects of globalization in developing countries Developing countries as a whole are doing well in trade. Their manufactured exports are growing faster than those of developed countries, which is to be expected since they started from a lower base. However, the patterns of their growth are interesting and unexpected. They grow more slowly than developed countries in primary products and resource-based manufactures, presumably because of the faster application of new technology or trade barriers in the industrial world. Within other manufactured products, their relative lead over industrial countries rises with technology levels. This is counterintuitive: theory would lead us to expect that developing countries would grow fastest relative to developed countries in low technology, less in medium technology, and least in high technology, products. The data show the reverse. Moreover, it is not just rates of growth that show this trend (due, say, to the small initial base of high-tech products); the values involved in technology intensive exports are also very large. the relationship between assemblers and suppliers has changed. There is a growing preference for using the same suppliers in different locations (follow sourcing), which limits the possibilities for component supplying by local producers in developing countries. However, opportunities in second-tier sourcing, where a global reach is not required, do exist. The paper shows that developing countries can increase the possibility...
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...Pros of Globalization • Productivity grows in countries that open up their markets and integrate with outside economies. Rich countries gain access to emerging economies. Poor countries gain access to wealthy economies where they can sell their goods and services. • Lesser developed nations benefit from the increase in investment from foreign countries both financially and through jobs. • The jettisoning of statist policies and their replacement by free-market policies in many Third World nations. • The unprecedented number of nations submitting themselves to the exacting rigors and standards of the global marketplace, creating a more stable global economic system. • Global competition and cheap imports help to keep inflation down. • Open economies help to spur innovation and new ideas on a global level, creating an effective globalization of ideas and a revolution in information technologies. • Through globalization, countries can specialize more in what they produce most effectively and efficiently. • Shared financial interests mean that corporations and governments attempt to solve certain ecological problems. • Globalization unleashes the forces of creative destruction, a process that conveys the essence of capitalism, which is the continuous change that includes improving production methods, exploring new markets, and introducing new and better products. Cons of Globalization • Wages and working conditions everywhere are pushed downwards as companies gravitate...
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...will be completely eliminated in the future or controlng TB, and other in the near future. Question 2: Globalization can benefit all countries, rich or poor, if that country is willing to open to nternational trade. Porrer countries do what they can to survive, and globalization would help them to obtain higher incimes and mprove living conditions.Question 3: Countries who are anti-globalization are merely blind to the actual facts It does not happen overnight. It's slow but it is working. Those countried who lose do it with lower incomes, poor literacy rates and yes even poor health care can not become weathy countries.Question 4: One major problem is the increasng of internationalzzation. This term has many dimensions including economic,technological, political, socaial , scruntific, and cultural aspects. Its consequences can either direct, ath the level of whole populations, indviduals abd health cae delvery systems, or indirect thru the economy and other factors, education, sanitation, and water supply. More overr the central aspects of the rocess, namely trade, travel, and exchange of informantion.Question5: Mitigation involves a contant balance between action and reaction, preventing a risk form occuring and dealing...
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...Global warming has always been the most concerned issue all over the world. Intense industrial activities and human’s irresponsible ways of living generated a high-level of carbon emissions which in turn triggered climate change. Abnormal environmental events such as floods, droughts, rise in sea level and melting glaciers are happening around us. It is believed that everyone should make concerted effort to confront this global threat, yet much debate is aroused on the responsibilities for the dilemma. While every country is suffering from the effects brought by global warming, rich nations which benefited most from related industrial activities should bear the brunt and responsibility to deal with the problem. This essay will first look into the contributors to climate change, then move on to evaluate the effects on different nations, and finally discussing where should the responsibility lie. Developed countries are the main contributors to climate change. Industrialized nations, including the USA, Canada, Former Soviet Union, Japan, Australia and European countries made up nearly 80% of global carbon emissions from fossil combustion between 1900 and 1999. (WRI, 2000) It is undeniable that the industrialization process over the last century played a significant role in accelerating global warming and those developed countries are to be blamed. Proceeding to the 21st century, marking the end of the industrialization of the developed countries, however, did not bring a relief...
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...CEMEX successfully invaded the foreign marketsand continuously planning for the expansion. Due to this action of the company, the entire management recognized the benefits and expecting to gain other advantages. Globalization, although viewed as the major challenge for both developed and developing countries, still have the benefits in which CEMEX proved right action for their success. Introduction In the issue of globalization, it was identified to move within the corners of two ideas. Firstly, it has a significant impact on any type of company and affects the areas of the globalized markets, capital and investments, technologies,people, flow of information, and the products and services being offered by the company. Secondly, globalizationimpacted on the countries in which the participating globalized companies that reflect on the level of the politics, improvement of the economy, regulatory structures, and on the society. Because of the changes and challenges that are present in the globalization, businesses and countries are in various approaches in the rapid pace of changes. Benefits on Globalization CEMEX significantly reduce the cost base incurred in their operation and improve or accelerate the company’s integration of the new acquisitions, such as in technologies. Also, the company is on the track in enforcing the common culture throughout the organizations across the globe which makes the company be aligned with a common goal and aspirations. In this way, the company...
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...In this new era of 21st century, globalization has become inevitable to many countries. This had force countries to open up their market to the world. In other words, countries are emphasizing on a borderless business world. Globalization is the opening up of economies to international competition allowing goods, services, ideas, capital and some people to move freely between countries (Webster 2007). Besides, it is also the increasing interdependent and integration of countries towards a borderless world which indicates that there is a declining in cross-border trade barriers among countries which will improve their terms of trade, technology, investment and labour flows (Hill 2008). Therefore, companies have attempt to do things in new ways leveraging on information and communication technology (ICT) innovation, involve in e-business and also online advertising which brought about positive and negative effects respectively. One new way businesses are doing things is leveraging on the innovation in information and communication technology (ICT) through the Internet. Previously without the platform of Internet, companies are only exposed to the domestic market in their countries. When globalization conquers, this has place an important role on the Internet whereby companies are able to excel towards the world market. Google and Yahoo are very good examples of global companies. They create a platform to spread business on global footprints. Companies worldwide gain access to...
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...GLOBALISATION COG: GROUP ASSIGNMENT What is Globalisation? Globalisation might have become a buzz-word off late but it is not a new phenomenon. Globalisation loosely refers to the integrated international activities and might have its roots in economic benefits of specialization and competitive advantage. However, with the increased flow of information and ideas across the nations, globalisation has led to make the world a level playing field with very little barriers. The first wave of the organised globalisation started with nations going global, essentially in the quest of new avenues to increase the revenue from the trade activities and access to natural resources. The scramble for the new markets and natural resources led to imperialism and eventually to wars. In the second wave of the globalisation it was organizations that were going global, again in the search for markets and cheaper resources. As the organizations continued to prosper reaping the benefits of the global supply chain, there was an increasing pressure to further reduce the trade barriers amongst the nations. In the third wave of the globalisation, it’s the people who are going global and has lead to integration of different cultures. The world has become a single market and has presented the organizations with huge opportunities as well as increased competition. The complicated interdependencies have perplexed the organizations and regulatory authorities looking for the sweet spot between growth...
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