•Countries must develop capital friendly environments.
•Environmental regulations scaled back due to pressure of corporations to
•World wide division of labour is created.
•Deindustrialization of developed economies like Canada and the US .
Deindustrialization means that manufacturing jobs are shipped overseas.
•Under developed countries wages are lower. Produce things more cheaply.
•Industries in capital societies seem to be capital invested.
•Developing societies, semi skilled workers
•Developed countries like Canada, skilled labour.
•Regionalization: world is divided into trading regions. Competing economic,
political and cultural areas. Not dominated by one country.
•Organizations not companies that have come to manage the expansion of
global trade. (IMF)
•WTO = to reduce trade barriers. Or import duties/Tarrifs.
•Lean production is production at the lowest possible cost.
oEntails flexible work forces, contract workers.
•Just in time inventory systems – just before you run out of a part, computer
will red flag. No need for big warehouses of inventory.
•Employees are encouraged to be sensitive about the quality of the product
•TQM – total quality management. Workers become part of management
team. Labour unions don’t like this because it encourages workers and
management to look at issues in the same way, cut costs.
•Surveillance of workers increasing Panopticon
•AWT-Actual working time. Computer keeps tracks how many hours a day do
you actually work.
•Geopositional satellite technology – usually out in cabs for headquarters to
know where you are at all times.
Decline of national power due to globalization of trade. National governances that
are democratically elected bow to financial muscle of transnationals.