GEOG101 Chapter Notes - Chapter 7: Early Start, Ceteris Paribus, Deindustrialization
6 Mar 2018
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Document Summary
Lower gni figures in wealthy due to higher cost of living: global gni is measured in ppp "international dollars" to reflect the core-semi periphery- periphery structure of the world system, rich is getting richer, poor is getting poorer. Steam engines, coal-powered steam engines, internal combustion engine, etc: energy is an important component of world trade, demand for oil increases as the world becomes more industrialized and developed. Improved education, health care, and social welfare can contribute to environmental awareness and an improved quality of life. Inadequacy of institutional frameworks: requires economic, financial, and fiscal decisions to be fully integrated with environmental and ecological decisions. The economic structure of countries and regions: primary activities concerned with natural resources of any kind, agriculture, mining, fishing, forestry, etc. Geographical division of labour: national, regional, and locally based economic specializations that have evolved with the growth of the world-system of trade and politics with the need for technology.
