SOAN 2040 Lecture 2: SOAN 2040 Week 2 Sept 13 Lecture
12 Feb 2012
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Document Summary
View past what brought us here and what is to come: how we will look at globalization and labour. Yates chapter 1 and 2: the new economy , capitalism and inequality. Sudden signs of rapid economic growth = steady and large increases in gross domestic products (dp- measures a country s total production) Papers are published analyzing the new miracles and to praise the country s growth policies as an example for other poor countries to follow. However, the miracle is short-lived and rarely improves the lives of the mass of working people. The belief that the economy is no longer subject to the cycles of prosperity that have characterized all the capitalist economies from the beginning. It meant different things to different people but a common thread could be found: highly tech based economy, Traditional methods of valuing stock trade on the stock exchange. A corporation mush have assets and profits to attract stock buyers.
