GGR221H1 Lecture Notes - Lecture 5: Nonunion, Ministry Of International Trade And Industry, Reflexive Modernization
Document Summary
Ggr221 new economic spaces lecture 5, feb 3rd. Format two sections: definitions and short answer questions. Add detail to each answer define and giver significance. Give examples to explain (linkages in staple theory forward, backward linkages) Half dependent daivd and paul stages tendency to lock in (last week) Two types of mines, for open pit mining. Fixed exchange rates whereby all the world currency is fixed only with agreement -> like. U. s dollar backed up by gold reserve. Creation of international monetary fund (1944) they can borrow in the same amount they deposited . International bank for reconstruction and development now part of world bank provide loans enhances global trade. A) declining productivity rates number of cars produced per hour per person has declined in north america. Limit exists in deskilling high level of absenteeism no efforts to make production. B) divergence productivity and wages decline in production , higher wages profitability.
