TERMS AND CONCEPTS
1. Time-space compression: From Doreen Massey Essay, Time-space compression is
a new phase in our world; new understanding of space. It refers to the movement
and communication across space, to the geographical stretching-out of social
relations, and to our experience of all this. Everything is speeding up, eg. dinner
comes from produce sourced around the world. This was characterized by Marx as
annihilation of space by time. The new impetus is further classified as time-space
compression by David Harvey.
2. Rentier State: A term used to classify states which derive all or a substantial
portion of their national (oil) revenues from the rent of indigenous resources to
external clients. Rewards of income and wealth for the rentier states do not come as
the result of work but rather are the results of chance or situation.
3. Risk society: From Ullrich Beck, a term emerged during the 1980s that describes
the manner in which modern society organizes in response to risk. It is a systematic
way of dealing with hazards and insecurities induced and introduced by