Sociology Lec 6

Sociology Lec 6 - Sociology 155w: Lecture 6 Dual Economies...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Sociology 155w: Lecture 6 Dual Economies o Formal economy Ex of job: professor, any job that pays taxes o Informal aka “underground economy” Black market Drug dealers Garage sales Flea markets Two types of production o Capital intensive Typically situated in the “core” or in the “core’ segments of a transnational corporation Highly stable and well-educated labor force o Labor intensive Typically located in “periphery” sectors but also found in the periphery segments w/in a “core” industry Export industries Highly flexible labor force Globalization o A process in which peoples and nations are becoming more interconnected: Economically Culturally o Technological innovations and systems of communication key Economic globalization
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
o A global economic system in which firms and financial institutions operate transnationally and where global economic interdependence influences both national and foreign policy o
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/20/2008 for the course SOC 155W taught by Professor Segura during the Summer '08 term at UCSB.

Page1 / 3

Sociology Lec 6 - Sociology 155w: Lecture 6 Dual Economies...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online