GEG 1302 Lecture Notes - Lecture 6: Gross Domestic Product, Deindustrialization, Economies Of Agglomeration
11 Apr 2018
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Document Summary
Economic development: process of change involving the nature and composition of the economy in the overall prosperity of the region. 3 types of changes: structure of economy, forms of economic organization, technology. National level: urban centres vs. hinterland and rural peripheries. Individual level: differences from one person to another: social class, education, occupation. Uneven geographical development: the spatially and temporarily uneven processes and outcomes (socio-economic and physical) that are characteristic of and functional to capitalism. Uneven development an inherent part of the capitalist space economy. Recognition of direct relationship between places that are well-off and places where the inhabitants suffer poverty and economic exploitation. Relationship interpreted as being more than just direct, it is a necessary one for capitalism to function ef ciently. Gross domestic product (gdp): estimate of total value of all materials, foodstuffs, goods, and services that are produced by a country in a particular year.
