2. NIC’s (Newly Industrialized Country)  Developing very quickly  South Africa  Mexico  Brazil  Malaysia  Philippines  Thailand

3. Tigers/Dragons  1 st NICs  Rapid Industrialization from 1970-1990s  Highly developed economies  Hong Kong  Singapore  South Korea  Taiwan

4. BRICS  Brazil  Russia  India  China  South Africa  Significant global nodes of production  Evidence of a shift away from the traditional economic core

5. Outsourcing & Offshore  Goods are no longer produced at a single factory  Outsourcing to suppliers to better focus production & costs  If outside the borders of a country = offshore

6. Deindustrialization  Jobs/factories moved to new industrial areas  Shift in old area to service based economic activities  Usually high unemployment & under employment

7. Time-Space Compression/ Just – in – time delivery  Reducing time & distance barriers with technology  Companies keep what they need for a short term production & new parts are shipped quickly when needed  No longer have to warehouse large amounts of inventory  Do not have to locate close to resource

8. Intermodal Connections  Places where 2 or more modes of transportation meet in order to ease the flow of goods and reduce transportation costs.  Ex. Rotterdam; NYC

9. Global Division of Labor  Corporations draw from labor around the globe for different components of production  Specialization  Savings of labor costs  Often labor is concentrated in periphery & semi-periphery for lower costs  Research & development - core

10. Rust Belt & Sun Belt  Rust – deindustrialized region Abandoned factories Northeast U.S.  Sun – high tech & financial industries Southern U.S.

11. Post-Fordist System  More flexible production  Goods are not mass produced  Production is accelerated & dispersed around the globe by multinational companies  [Fordist at a single site]

12. Growth Pole & Technopole  Growth pole attracts & spurs economic development in the surrounding area  Technopole is an area planned for high technology  Often agglomeration of tech companies occurs  Ex. – Silicon Valley; Research Triangle

13. Footloose industry/Spatial Fix  Footloose industry has no official ties or loyalty to a particular place  Enables it to relocated at will or even to another country according to its own best interest  Location is only one consideration not the most important