GEOG 2230 Lecture Notes - Lecture 4: Jared Diamond, Environmental Determinism, Modernization Theory
14 Oct 2015
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Document Summary
Uneven economic development: spatial division of labour - where to make products. A stream of thought that says impoverished countries will evolve towards a. Western industrial model, and given enough time, will achieve similar development standards: growth is not always a linear trajectory (gdp, there is change within countries: increase is not as quick in less developed countries. 2. (where wages are paid to people who are, in turn, potential consumers) To maintain or increase profit, a capitalist firm, sector, or full economy must continually grow. This is because profit margins will inevitably decline as new. Capitalist profit rests on producing commodities of value through labour. Capitalism is dynamic in technological and organizational terms (i. e. , competitors enter the marketplace and/or as consumer demand or technology changes. Examples of active regional sectors: silicon valley: tech, hollywood: movie, theatre, france: champagne, wine, bangladesh: dhaka (clothing)
