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Unit 7 Vocab Part 3 Quiz

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1. Interdependence




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2. Export Processing Zones (EPZ)




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3. Post Fordist Production




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4. Outsourcing




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5. Multiplier Effect




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6. Just-in-time Delivery




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7. Ecotourism




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8. UN’s Sustainable Development Goals




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9. A specific area within a country in which tax and investment incentives are implemented to attract foreign (and domestic) businesses and investment.




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10. A system of employment in the various economic sectors spread throughout the world. Example: MDCs focus on tertiary jobs, less developed countries focus on primary and secondary sector jobs.




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11. Post-industrial economies (like the US) no longer employ large numbers in factories. These economies have shifted to services and information processing.




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12. When companies move their operations - their ‘back offices’ - to countries where the costs of doing business are lower.




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13. A place of concentrated high-value economic development which attracts even more economic development. Each new business strengthens the pull of the ‘magnet’.




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14. Non-Governmental Organization, a voluntary group or institution with a social mission, which operates independently from the government.




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15. Special zones in which all trade barriers between countries are eliminated, goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.




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16. Traditional assembly line, credited to Henry Ford.





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