PSCI283 Lecture Notes - Lecture 18: Value Chain, Neoliberalism, Hierarchical Routing
16 Dec 2019
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Document Summary
What happens for the long- term prospects of employment: there is a fear of a hollowing out effect. Internalize and seek greater control of the process of production as well as manage their sources of raw materials in order to reduce risk: gain access to markets. Explaining the expansion of global production: global liberalization of trade. Low tariff barriers: the growth of market-based policies. Neoliberalism and policies of deregulation and open markets, privatization: new technology. Shipping containers the way that shipping containers allow corporations to pack products into containers until the get into distribution centres (secure) Shift modularity production of different modules that are interdependent on each other and are able to produced in different areas. Set up processes in areas with a comparative advantage. Gvc or gcc (global commodity chain) scholarship: developed by gary gereffi and others in the 1990s, used to differentiate between different forms of global value chains, there are different nodes in a value chain.
