AP Human Geography: Chapter 14: Globalization and Geography of Networks, De Blij – Flashcards

The expansion of economic, poliical, and cultrural preocesses to the point that they become global in scale and impact. The processes of globlalization transcend state boundaries and have outcomes that vary across places and scales.

The fundamental principles of free trade and how to acheive it. 1.Free trade raises the well being of all countries by inducing them to devote their resources to production of those goods they produce relatively most efficiently; and 2. that competition through trade raises a country's long-term growth rate by expanding access to global technologies and promoting innovation.

Defined by Castells as a set of inteconnected nodes without a center.

The notion that locals should be engaged in deciding what development means for them and how it should be achieved.

A barter system whereby a local currency is created through which members trade services or goods in a local network seperated from the formal economy.

Ownership by the same firm of a number of companies that exsist along a variety of points along the production and consumption chain.

The cross-promotion of vetically-integrated goods.

People or corporations who control the access to information.

Ownership by the same firm of a number of companies that exist on the same point along the production and consumption chain.