GEOG 4 Study Guide - Midterm Guide: Autarky, European Colonialism, Vertical Integration
Document Summary
Basic geography of the world economy today at a global scale and how it has developed over time. Some key words core, periphery and semi- periphery. Polanyi"s three principles of economic integration (reciprocity, redistribution and market exchange); Wallerstein"s three types of system (mini- systems, empires, world economies); six characteristics of market exchange. Autarky; technological achievements; land- vs. labor-intensive agriculture; emergence of banking/insurance; merchant class. Redistribution vs. market exchange; roman, arab and chinese empires; Six features of the modern world economy; three eras of capitalism. Spanish/portuguese conquest of the americas; sea powers; atlantic trade routes. Redistribution (instability of) vs. market exchange; subsistence economy. The crisis of feudalism and the rise of merchant capitalism. Lecture 6; north market and other allocation systems in history . 125-144 based on land grants; hierarchical social relations. Dutch and french); balance of payments; bullion/privateering; state- licensed companies. Organization (transport costs, economies of scale, agglomeration); import substitution.
