HTHSCI 2RR3 Lecture Notes - Lecture 38: New Economy, Glass Ceiling, Social Capital
23 Oct 2018
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Hs 2rr3: social determinants of health final exam notes 2012. We now live in what"s called the postindustrial economy. Characterized by information technology (high finances and the predominance of the service sector) Globalization of the economy which is driven by multinational corporations operating throughout the world. Multinational corporations dictate trade and commercial laws as well as who will work, where, at what wage and under what conditions. Governments now have more difficulty stepping in to improve the economic opportunities of a disadvantaged neighborhood. Goldman sachs: financial company connected with american government. Factors that restricted working-class individuals" ability to earn decent wages: downsizing, relocation, plant closures and imports from abroad. By late 1970s another phenomenon occurred: the service sector (i. e. restaurants, hotels, retail), employing. Inflation in educational requirements: a consequence of the postindustrial economy where 2/3 of all new positions created require at least 12 years of formal education this a longer education forces youth to seek part-time and summer jobs.
