GG102 Study Guide - Final Guide: Carl O. Sauer, Central Place Theory, Cultural Geography
Document Summary
How the world functions as one economic sphere; globalization; eg. us election. Entire world tied together in one system based on competition for power, resource, territory. The gain of one group achieved at the expense of another eg. t-shirts we benefit b/c of cheap cost. Economic system can be skewed towards need of the core. Core relies on cheap resources from periphery to product goods for its own consumption. Needs of core determine what is product, how financial system and terms of trade works, what kind of infrastructure is built and where. A result of a rigging of the process of economic development by those people powerful enough to set the agenda. Product of competition for power/resources, instead of cooperation (states, corporations etc) Paradox of plenty: countries with lots of resources tend to have less economic growth and be underdeveloped (congo) Early start/initial advantage: countries that explore first have an advantage access to resources, land, people.
