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Economic Geography by Mind Map: Economic Geography
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Economic Geography

Physical Geography

Relative Location

Land Locked

Transnational Rivers

Many/ Few Neighbors

Absolute Location

Photosynthesis

Climate

Location Attributes

Resources (+/-)

Topology

Urban vs. Rural, Urban, Benefits, Infrastructure, Transportation, Banking, Property / Buildings, Population, Young, Educated (ish), Proximity to other businesses, Drawbacks, Cost of Living, Cost of Business, Paying for space, High competition, Rural, Benefits, Low cost of living, Cheap land, Drawbacks, Less infrastructure, Small working class population, Old

General World Model

Periphery

Core exploits periphery, Natural Resources Plundered

Core

Developed World, Exploit periphery, Small fraction of all countries

Between Core and Periphery

Developing Countries

Both the exploiters and exploitees

Benefits for using this model

Three tier structure

Simplifies world map

Explains why just a few countries are at the top

Technological Change

How does it happen

Continuously, Occasional leaps forward

Life Cycle of new Tech, Initial Development, Growth, Maturity, Decline/ obscurity, New technological change

Effects

Decreases Costs, Transportation, Communication, Either clustering or dipersal

Narrow specialization, Clustered industries

Production changes, Flexible Production, Mass Production, Blue -> White collar jobs

Institutions

State

Goals, Internal to State, Stability, Employment, Strong Middle Class, Control, Revenue, External to State, World Influence, Protect National Interests

Actions (to meet goals), Create Pro-Business Environment, Laws, Tax breaks, Special Economic Zones, Corruption (?), State-Owned enterprises, Maximize Revenue (+GDP)

Transnational Corporations

Goals, Maximize Profits, Decrease Costs, Gain advantage over competitors, Minimize Costs, Retain Market Share/ Access

Actions (taken to meet goals), Work with states, Leave hostile states, Stay in friendly states, Spread out across multiple states, Work with state to stifle competition, Lobbies (?), Relocate to best location, Educated Work Force, Low Wages

Causes of Change

Environmental

Global Warming

Disasters

Innovation

Fueled by competition

Time

Failure/ Success

Initial Conditions

Physical Geography

History

Regional Significance

Industry Base

Path dependence

Significance

Explain why things are where they are

Comparative Advantage*, *Can change over time

Advantages to Using Economic Geography

Explains the role of geography in economic activity

New node

Name: Andrew Hardin