SOCA02H3 Lecture Notes - Outsourcing, Wonderbra, Structural Adjustment
Document Summary
Soca02 week 8 march 7, 2013. We"re in a period where income inequality is increasing. Depression generation vs baby boomers: reverse early experiences, recent recession caused baby boomers to lose their jobs. Savage capitalism: ruthless economy creative destruction. Increased global interdependence: huge concern going on in europe (euro, debts of italy and etc. ) If euro goes down we will be sucked down with them. Of the 100 largest countries in the world: 51 are corporations; very powerful, paying very little tax, 49 are countries. The top 200 corporations" combined sales are bigger than the combine gnps of 182 countries. No loyalty to home country: made in the world . Can be made anywhere, they have a profit to maximize their profit, minimize their taxes. Us multinational corporations, 2000s: cut 2. 9 million us jobs, added 2. 4 million foreign jobs. They have the skill of english because the british colonized india. Global manufacturer: companies locate there to produce.
