POLS 1090 Study Guide - Mexican Peso Crisis, Subprime Mortgage Crisis, Fordism
15 Apr 2014
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Document Summary
Pols 25th march: three dimensions of the globalization project- global production, global trade and global finance, global production- tnc- organizing supply chains, epz- maquiladoras, exports- organizing growth and development. International division of labor- exports of global south sent to the consumers in global north: global finance- transnational banks, integrated global financial markets. Based on speculative trading- major massive capital flows on a daily basis among economies. Mexican economy was restructured in the after math of the peso crisis- imf as the key body which demanded conditions from the mexican state in order to receive loans- conditionality: number of consequences to this interconnected structure, 1. It has provided a restored basis for corporate profitability. Global production- undermining strength of national labor movements are increasingly undermined- outsourcing. Outsourcing- in both the public and private sectors which undercuts unions and the ability of workers to resist conceptions.
