GEOG 216 Lecture Notes - New Economy, Knowledge Economy, North American Free Trade Agreement
23 Nov 2012
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Document Summary
Recent patterns and trends: a geography of the canadian economy. Divide history of cda economically 2 periods: before + after 1972. North american integration: fat 1988, nafta 1993, Post-indus econ depends less on indus, more on finance, r+d, edu, high tech conception. Highest value added parts of our econ today. Problematic term: used by authors as a short-hand for new economy. Take advantage of economies of scale (more produced, cheaper individ unit becomes) Mass consumption involved welfare state, power to unions. Workers earned enough to consume products being produced (virtuous circles) 1972/3 fordism collapsed (post-fordism/flexible capitalism, authors use globalization) Neoliberal (ideology, set of biased ideas + set of policies) Argues that gov should be cut back + market should be allowed to run econs. In favour of free trade, dismantle welfare state, cut back gov spending. Liberating capital fr/fordist sys (rigidity for further growth @1point) Econ history congeals during diff periods of time on a set of technologies.
