GEO 103 Study Guide - Quiz Guide: Weight Loss, Human Capital, Factors Of Production
9 Nov 2018
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Technological changes enable industries to be more capital-intensive. Companies failed to save and/or invest in r&d. New applications as speed, miniaturization, and capacity increased. Consumer electronics: usa dominated in 1960s and 1970s, japan began dominating in 1990s. Other areas of electronics manufacturing include europe: biotechnology and s. e. Asia: application of molecular and cellular processes to solve problems, develop products and services, or modify living organisms to carry desired traits. Extensive linkages to agriculture, healthcare, energy, and environmental sciences. Venture capitals are critical to making basic research commercially viable. Biotech firms tend to cluster in distinct districts (place- based characteristics) Examples: fruits with vaccines, grains with improved nutrition: automobile industry, started in 1890s, began with many small manufacturers. By the end of 1920s dominated by three major firms. Chrysler: us dominated the industry first, then japan (1980s) and china (2008) Rise of toyotism due to globalization and increased competition of japanese car brands.
