GEOG 1000 Lecture Notes - Lecture 28: Joe Fresh, Surplus Labour, Comparative Advantage
8 Jul 2016
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The globalization of labour and the re-emergence of china. Most of the consumer goods are not produced in canada. Promote national development, to bring in foreign currency. Governments going to these companies and they have comparative advantage. (you will save money, have higher profit). Surplus labour for these countries, lots of people for work. Moving their companies to these places, attracting foreign companies. Held up as a new model of global capitalism, it should follow the cheapest path to labour. This creates a lot of money and creates jobs. Downsides from our perspective: a lot of works in canada and us lost their jobs because the jobs move over seas. A lot of export oriented economies hire women, from the assumption that you don"t need to pay them as much as men because they are not the heads of the households . But there are families that have women as the head.
