GEOG 1410 Lecture Notes - Lecture 19: Radical Action, Global City
12 Feb 2018
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Document Summary
Economic development impacts in increase global activity: knowledge/ technology di usion, competition between mncs and local companies and among local companies. Exports from (selected) less developed countries: rise in income of speci c segments of population, demand for: consumer goods and services from richer countries, machines from richer countries equipped for industrialization. But loss of jobs /income (for low skilled workers) and many middle class people in richer countries due to: export of jobs/ outsourcing. Import of manufactured goods: discipling e ect of the threat of relocation from richer countries. Nation states and labour unions: need to earn a globally average rate of return on investment. Limits the power of nation-state and nationally organized unions. Capitalism on international scale: businesses from north use their state power. To play one poor country o against another: control condition in south to allow lower cost production, maintain competitive. Tuesday, january 23, 2018 status: new institutions of imperialism, global debt a crucial mechanism.
