SOC101Y1 Lecture Notes - Lecture 5: Structural Adjustment, Subsistence Agriculture, Developed Country
Document Summary
Features of economic globalization today that impact migration structural adjustment programme. Improvement in productivity means more goods to be sold, financial flows through multinational coop. Who really knows the place for cheap labor-japan in. 60s then moved elsewhere e. g. caribbean basin-dominican republic, china, The structural adjustment program (sap) means end of livelihood for many, who willing to work for low wages; workers compete each other with lower wage. Profit line of multinational firms are fundamentally defined by low wage, Which gives them more profits and also give them market advantage, e. g. clothing is highly competitive, if u can sell things cheaply and u can dominate the market. Sap program is relating to way how globalization filter populationand gets ppl to. Loans are not simply give out, if money given to govt of corruption, money ends up in hands of elite, not for building infrastructure, not helping poors,
