SOC236H5 Chapter Notes -Foreign Corporation, New Imperialism, Eurodollar
Document Summary
Production: since 1970s transnational corporations have practiced global assembly line . Things made from different areas of the world ex. Dell, nokia; have their parts assembled elsewhere then sold in the developed countries. Races to the bottom: developed countries wages for industrial/manufacturing positions are too high. Transnational domino effect: jobs that were once moved to mexico, are now being moved to china (61 cents/ hr) Corporate restructuring: corporations reorganized internally and cooperated / allied with other multinational to take on different tasks outsourcing. Corporations only take on maybe 1/3 of the workd and share the rest boeing dream liner. Neoimperialism: 3rd world countries relying on first world investors. Subordinated them to foreign corporations, international institutions and dominant states. Changing structure of work: employers have ball game; they outsource, downsize, and made permanent jobs contingent. These results in worker security depletion; health care, pensions and other social benefits gone.
