Unit 7 Vocab

A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities.

South Korea, Singapore, Taiwan, and the then-British colony of Hong Kong: first countries to adopt the international trade alternative

A location where transfer is possible from one mode of transportation to another

An economy that relies on the export of primary commodities for a large share of its export earnings and hence economic growth

the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors

when two regions through an exchange of commodities can specifically satisfy each others demands

According to world systems theory, the most advanced industrial countries, which take the lion's share of profits in the world economic system.

a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones

a proportionate saving in costs gained by an increased level of production.

A form of tourism that supports the conservation and sustainable development of ecologically unique areas

a measure of inequalities between men's and women's opportunities in a country

Zones established by many countries in the periphery and semi-periphery where governments offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment

All work-related activities that provide income and are regulated by government agencies.

pacts between two countries or among a group of countries that make it easier to trade goods across national boundaries by reducing or eliminating restrictions on exports and tariffs ( or taxes) on imported goods and protecting intellectual property rights.

An indicator constructed by the U.N. to measure the extent of each country's gender inequality in terms of reproductive health, empowerment, and the labor market.