GEO 206 Chapter Notes - Chapter 4: Gross National Income, Purchasing Power Parity, Gross Domestic Product
1 Mar 2016
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Geo206 week 4 notes 4th ed - pg. Economic development: the processes of change involving the nature and composiion of the economy of a paricular region, as well as to increases in the overall prosperity of a region. Involves three types of changes o o o. Structure of the region"s economy (e. g. shit from agriculture to manufacturing) Forms of economic organizaion within the region (e. g. shit from socialism to free market capitalism) Availability and use of technology within the region. Recycles, replaces, and reduces its use of renewable and non- renewable resources. Prices the use of the environment (through audits) Costs the price of polluion (via emission credits) Considers environmental acion part of the price of doing business, and increasingly, as a business opportunity. Regards place as a locus of interconnecions at the global, regional, and local scales. Regards space as the arena i which those interacions operate.
