Summary

These notes cover various aspects of economic geography, including the concept of the economy, economic sectors, and their influence on development. It examines issues like the changing nature of economies over time and the role of trade, resources, and location in industrial development.

Full Transcript

The Almighty Dollar 1. **What is the economy?**\ The economy is how money, goods, and services are made, shared, and used in a country. 2. **What are sectors of the economy?** - **Primary**: Jobs that take resources from nature (farming, fishing). - **Secondary**: Job...

The Almighty Dollar 1. **What is the economy?**\ The economy is how money, goods, and services are made, shared, and used in a country. 2. **What are sectors of the economy?** - **Primary**: Jobs that take resources from nature (farming, fishing). - **Secondary**: Jobs that make things in factories (cars, clothes). - **Tertiary**: Jobs that provide services (teachers, doctors). - **Quaternary**: Jobs that involve knowledge (scientists, IT experts). - **Formal**: Jobs that follow the law and pay taxes. - **Informal**: Jobs that are not officially recorded (street vendors). 3. **How does a country's economy change over time? (Clark-Fisher Model)**\ Countries move from farming (primary) to making things (secondary) to focusing on services and technology (tertiary and quaternary). 4. **How and why did China become the Workshop of the World?**\ China became the world's factory because it has many workers, low wages, strong government support, and good infrastructure (roads, ports). 5. **Where are TNCs locating their factories now?**\ Many companies are moving factories to countries like Vietnam, India, and Bangladesh because it's cheaper to make products there. 6. **What influences the location of industries?**\ Industries choose locations based on where resources, workers, good transport, and customers are, as well as support from governments. 7. **What are the advantages and disadvantages of Chinese Investment in Africa?** - **Advantages**: Better roads, buildings, and jobs in Africa. - **Disadvantages**: African countries may owe too much money to China and lose control of their resources. 8. **What are the characteristics of the 'cycle of poverty' and why does this cycle continue?**\ Poor people can't afford good food, schools, or healthcare, so they stay poor. It continues because they don't get the help needed to escape poverty. 9. **Why does Nigeria have to import rice?**\ Nigeria doesn't grow enough rice, and its farming methods and infrastructure are not advanced enough to meet the demand. 10. **What contributes to India's Tax Problem?**\ Many people in India don't pay taxes because they work in small, informal jobs. Tax cheating also makes the problem worse. 11. **Why does India need so much oil?**\ India has a huge population and needs oil for cars, factories, and electricity. Prisoners of Geography 1. 1. **What is physical geography?**\ Physical geography is about natural features like mountains, rivers, weather, and land. 2. **How can we link physical geography to development?**\ Geography affects how a country grows. For example, good land and water help farming, while being near the sea helps trade. 3. **What is a prisoner of geography?**\ A country that is held back by its location or natural environment. For example, landlocked countries can struggle with trade. 4. **Is physical geography a blessing or curse?**\ It can be both. Rich soil and good climates help countries grow, but deserts, mountains, or bad weather can make life harder. Top of Form Bottom of Form

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