Industrial and Economic Development Patterns and Processes
Caleb Lopez
7 min read
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Study Guide Overview
This study guide covers economic development, focusing on industrialization and its effects. Key topics include types of economies, major trends in economic development (like industrialization, railroads, and global trade), and important vocabulary terms such as agglomeration, growth poles, JIT delivery, post-Fordist production, deindustrialization, TNCs, neocolonialism, maquiladoras, and the Sun Belt. The guide also emphasizes connections between these concepts and provides practice questions and exam tips.
#AP Human Geography: Economic Development - Your Ultimate Study Guide 🚀
Hey there, future geographer! Get ready to ace this unit. We're diving into the heart of economic systems, industrialization, and how they shape our world. This guide is designed to be your best friend the night before the exam. Let's make sure you're not just prepared, but also confident and ready to go!
Core Theme: Industrialization and Economic Growth can lead to both progress and problems, resulting in Uneven Development. Remember this central idea – it connects everything we'll discuss.
#What is an Economy? 🤔
An economy is basically a system of how people make, sell, and buy stuff. It's all about how we allocate resources. Let’s break it down:
- Production: Making goods and services.
- Consumption: Using those goods and services.
- Resource Allocation: How we decide who gets what.
Think of it like a giant marketplace where everyone is either a producer or a consumer (or both!).
#Types of Economies
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Traditional Economy: Based on customs and traditions. Think farming and bartering.
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Market Economy: Driven by supply and demand. Think free markets and competition.
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Command Economy: Government controls everything. Think centralized planning.
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Mixed Economy: A mix of market and command. Most countries fall here.
Most economies are mixed, meaning they blend elements of market and command systems. No country is purely one type.
#Major Trends in Economic Development 📈
These trends are like the plot points of our economic story. Keep them in mind!
- Industrialization: 🏭 Makes goods cheaper and more available. This is a big one!
- Railroads: 🚂 Increased the movement of goods, people, and ideas. Think of them as the arteries of the economy.
- Raw Materials: 🚢 Steamships opened up new sources of materials. This fueled indu...
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