SOCI 254 Lecture Notes - Lecture 4: Maquiladora, Free-Trade Zone, List Of Bluetooth Profiles
8 May 2017
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Document Summary
Process of labor casualization and labor specialization in the world economy has become a new criterion of development. Labor sectors are more divided and specialized geographically. Globalization is a process of structuring the economy, politics, societies, institutions, and cultures. Economic globalization: interdependence national economies linked to world trade for production, distribution, and consumption. The economy"s core is global is global but the labor force is not (paradox) Workers are concentrated in some areas while companies are centered. Mncs and tncs provide work for 200 million workers out of 3 billion workers. These 200 million, employed in 53,000 mncs make up 40% of global gdp and 2/3 of global trade. Mncs are centrally managed by a mother organization in a particular country. Domestic markets were too small, limiting growth potential. Governments ran out of money for subsidies because they were inefficient. So people shifted methods to export oriented industrialization. Eoi was facilitated by tnc and mnc networks.
