IND 712 Chapter Notes - Chapter 1: International Trade, The Foundations, Lean Manufacturing
16 Aug 2014
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1: work smart, not hard, efficiency of job and operation. 1. 1 the foundations of tech. society are the following historical developments: Foundation 7 key points: specialization of labor, energy from machines, standardizations and interchangeable parts, use of machines, mass production and mass consumption. 6: computer & computer networks the assembly line. These lead to our tech. society, thus leading to mass production & mass consumption. Qualities as a result of tech. society. The following qualities are a formation of and result of a countries tech. development : 1. increased knowledge: diffusion of knowledge, political stability ( developed country-no war, capital (to invest, orientation towards development. 6. large customer base. ( entire world/dev. country) This is due to improved info and networks, transportation & growth of multinational firms. Increase in inter. trade due to low wages in other countries. ( 10% or less
