VNU-INTERNATIONAL UNIVERSITY INTERNATIONAL UNIVERSITY. Instructor : Dr. Truong Thi Kim Chuyen Subject : world economic geography Group member: Trần kha di btwe08037 Nguyen xuan hoa baiu08133 Lý bích ngọc btwe08017
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Instructor: Dr. Truong Thi Kim Chuyen
Subject: world economic geography
Trần kha di btwe08037
Nguyen xuan hoa baiu08133
Lý bích ngọc btwe08017
Vũ đình hợp btwe08010
came to be characterized by Fordism, the socioeconomic system that links mass production with mass consumption.
Consequence of the opening up of foreign trade means the globalization of supply & cheaper raw material.
In the immediate postwar period ( 1947 – 60), the rise of a series of industries - automobiles, steel, petrochemical, rubber, etc. – that acted as the propulsive engines of economic growth, coordinated through the collective powers of big labor, big business & big government.
There arose a series of grand production regions in the world economy managed from worldwide financial & governmental centers such as New York & London.
The emergence of TNCs with the capacity to move capital & technology rapidly from place to place, drawing opportunistically on resources, labor markets & consumer markets in different parts of the world.
Within this new context of political & economic interdependence, regional & international shifts in economic & political power began to occur.
As a result, the role & relative power of nation-states began to change significantly.
The logic of integration
it was the international trade system that provides the major impetus for countries to be drawn into various forms of institutionalized integration
REALIGNMENT OF PATTERN OF ECONOMIC ACTIVITY
Pattern of Trade
Pattern of regional development
Lower Costs External Sourcess
High- to low-cost settings
Higher Costs Internal Sources
Lower costs contributed to improved levels of living
A certain amount of relocation of production must take place withdrawn from less efficient locations
Net effect of regional development within association spatial polarization
Political dimension inherent to integration
A powerful case for a strong regional policy
Basic principles of economic geography
Reinforcement of the dominant core-periphery structure
Spatial reorganization of production
Creation and intensification of regional polarization