Download Economic Geography - Russell County Moodle

yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project

Document related concepts

List of special economic zones wikipedia , lookup

Steady-state economy wikipedia , lookup

Rostow's stages of growth wikipedia , lookup

Microeconomics wikipedia , lookup

Economic calculation problem wikipedia , lookup

International economics wikipedia , lookup

Ancient economic thought wikipedia , lookup

Development economics wikipedia , lookup

Resource curse wikipedia , lookup

Economic Geography
Levels of economic activity
• Primary-dealing with natural resources
• Secondary-manufacturing and processing
• Tertiary –services
Resource are not distributed
• Interdependence of nations, trade goods,
services, and capital resource
• Uneven economic development
• Energy producers and consumers
• Imperialism
• Conflict over control of resources
The location of resources
influence economic activity and
patterns of land use
Proximity of economic activity and
natural resources
Coal and steel
Grain and cattle
Ocean and fishing
Hydroelectric power and aluminum
Non proximity of resources to
economic activity and natural
• Japan-limited natural resource but a
major manufacturing region
• United Arab Emirates-Oil but a lack
of industry
Levels of economic development
vary from country to country and
from a place within a country
Access to natural resources
Access to capital resources
Numbers and skills of human resources
Levels of economic development
Standards of living and quality of life
Relationships between economic
development and quality of life.
Many criteria are used to access
the standard of living and quality of
Population growth rate
Population age distribution
Literacy rate
Life expectancy
Infant mortality
Percentage of urban population
Resource and technology influence
development and quality of life
Urban and rural ratio
Labor force characteristics
Per capita GDP
Educational achievement
Resources are not equally
Economic activities are
influenced by availability of
resources, cultural values ,
economic philosophies, and
levels of supply and demand for
goods and services
Access to human, natural, and
capital resources
Skill of the work force
Natural resource
Access to new technologies
Transportation and communications
• Availability of investment capital
Location and ability to exchange
Landlocked countries
Coastal and island countries
Proximity to shipping lanes
Access to communication networks
Membership in political and
economic alliance that provides
access to markets
• European Union (EU)
• North American Free Trade
Agreement (NAFTA)
Comparative Advantage:
countries will export goods and
services that they can produce at
lower relative cost than other
Resource are not distributed
• Specialization in goods and services that a
country can market for profit.
• Exchange of goods and services
No country has all the resources
it needs to survive and grow.
Nations participate in those
activities compatible with their
human, natural, and capitol
• Japan –highly industral nation despite
limted natural resources
• Russia-Numerous resources many of which
are not economically profitable to develop
• United States-Diversified economy
abundant natural resources specialized
• Cote’d Ivory-limited natural resources, cash
crops in exchange for manufactured goods
• Switzerland-limited natural resources
production of services on a global scale.
International Trade fosters
Reason why countries engage in
• To import goods and services that they
• To export goods and services that they
can market for profit
Effects of comparative advantage
on international trade include
• Enables nation to produce good and
services that they can market for profit
• Influence the development of industries
• Supports specialization and efficient of
human resources
Economic, social, and therefore
spatial relationships change over
Industrial labor system
Migration from rural to urban areas
Industrialized countries export labor
Growth of financial service network and international
Internationalization of product assembly
Technology that allows instant communication among
people in different countries
Modern transportation network network that allow rapid
and effient exchange of goods and services
Widespread marketing of products
Improvements in transportation
and communication have
promoted globalization
As a global society, the world is
increasingly interdependent
Economic interdependent
fosters the formation of
economic unions
Examples of economic unions
• EU –European Union
• NAFTA-North American Free Trade
• ASEAN Association of Southeast Asian
• OPEC Organization of Petroleum
Exporting Countries
Advantage of economic unions
• More efficient industries
• Access to larger markets
• Access to natural, human, and capital
resources without restrictions
• Greater influence on world Markets
Disadvantage of economic unions
• Closing of some industries
• Concentration of some industries in certain
countries leaving peripheral area behind
• Agribusiness replacing family farms
• Difficulty in agreeing on common
economic policies