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Reading Summary - The Story So Far.docx

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Department
Geography
Course
Geography 3422A/B
Professor
Milford Green
Semester
Winter

Description
The Story So Far 2/26/2013 7:47:00 AM The Story So Far  Originally the rich world’s manufacturing firms largely produced in the rich world for the rich world, and most services were produced close to where they were consumed o Then Western firms started sending manufacturing work abroad on a large scale and by the 1980s this was well established o The movement was overwhelmingly in one direction: away from rich countries to places where workers with adequate skills were much cheaper  Jack Welch, then chief executive of General Electric, said the ideal strategy for a global company would be to put every factory it
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