ENVS 2200 Chapter Notes -Post-Fordism, Multinational Corporation, Global City
8 May 2014
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Urban regions i restructuring in global city regions. Further views were that transnational corporations are responsible for changing the world economy in dramatic ways; where banking and financially significant sectors, administration, and various headquarters now concentrate global cities. These global cities in turn create a tight-knitted and interconnected network of a global economy. Kim and short expand on friedmann and wolff"s view and go on to explain how a transnational corporation like nike was established. Many kondrateiff cycles are discussed where ford motor company manufactured 2/5th of car production in the usa at one time and later cycles when manufacturing declined and post fordism took place. The manufacturing decline was in highly unionized places due to the high labor turnover and labor demands of ford labors. This decline paved way for post fordism, where now, there was flexibility in production and labor, as women and children were the new low- wage labor.
