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Lecture 7 (2-12-08) - 12 February 2008 Chicago...

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12 February 2008 Chicago after “Fordism” Guest Lecturer: Jamie Peck What Economic Geographers do? o Look at the economy from the ground up o Economic change in ‘real places’ …. Not blackboard proofs or purely abstract models o Intensive studies of economic growth and decline, at various scales Restructuring of economies Who gets the benefits, who are the winners/losers o Skills used in urban and regional planning, community development, consulting, etc… Global Shifts, Local Impacts o Economic globalization is not simply an “out there” phenomenon o Alters the internal structures and functions of economies, cities Ex: there are twice as many bankers in New York than any other American city New York structure of Rich and Poor is wider than any other city in the country Big service class that supports the wealthy elite o The “Disappearing Middle” Manufacturing industries have declined thus middle class has also declined Less manufacturing causes a wider gap between rich and poor o Chicago was a center of the U.S. mass production economy ( “Fordism”) Eventually become the model for the American economy This generated lots of low price goods made efficiently o Very different role in the “ post-Fordist ” economy: Unequal growth Global economy is redistribution of manufacturing jobs The Fordist Economy and After o
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