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Final Exam Review

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GEOG 216
Geraldine Akman

Final Exam Review 12/5/12 1:00 AM Readings: main arguments, responsible for all of the readings, but look at the emphasized parts Local-Global Geographies of the Financial Crisis Reading 14, Martin Only the latest in a long series of escalating financial crises • phases of capital accumulation based on commodities and phases of capital accumulation based on finance • commodity accumulation is limited • Post-fordist period à a lot of financial crises, seem to be getting worse What was the geography of the sub prime mortgage crisis? • hurts the first world more than the third world, weird • uneven geography • produced in particular places with particular characteristics and affects certain places with particular characteristics Whose fault was it? • hard to place blame on one person • the system is at fault à kind of forced into doing these things How could so many smart people have been so stupid? • smart people become very blind à want to believe you can make money out of nothing Global Trade Institutions and Agreements Reading 15, Krugman • know terms, and basic history Institutions and agreements: GATT, WTO, NAFTA • purpose is to remove trade barriers Forms of trade barriers • know the differences Pros and cons of free trade agreements • overall may be good, but who does it hurt The World of the City Reading 20, Hayter and Patchell Cities as rational landscapes for capital accumulation • contain all the moments of the cycle of accumulation à production, circulation, realization, social reproduction (not a moment in the process of capital accumulation) • social reproduction: what is needed to keep workers healthy and working • labour and products circulate • cities are market places à infrastructure needed Chicago school zonal model • hierarchy of land values and density • poor people tend to live near the center of the city • Wealthier people living further out • Model of the early fordist city before world war 2 Fordist City • transformation o street cars 1920s à early suburbanization o 1960s busses à suburbanization model • Wealthy people moving out to automobile suburbs • slum clearance • high rise public housing • freeways • CBD à a place without life after hours, ring of poor neighborhoods around it • Containerization Post-Fordist City • city that has gone through deindustrialization • Global, creative, consumption, public sector o 4 models o Global: corporate headquarters, finance o Creative: research and development, technology o Consumption: tourism o Public sector: government, education o not really either or factor • Gentrification à creative class wanting to live downtown, changing where people want to live o could be capital moving back into the city (Neil Smith) à production side argument o David Lay à consumption side argument Marketing the Post-Industrial City Reading 21, Gaffney Entrepreneurial City • Cities are acting more like businesses today • brand themselves • market themselves Neoliberal City • cuts public expenditures towards social reproduction • trickle down model • invest in business in the city in hopes it will generate employment • special deals for business who set up in the city City of Exception • no master plan • exceptions to plan, usually made for private capital o ex. Olympics Barcelona Model • “post-fordist entrepreneurial city”
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