HST12-3-07 - • The Global Labor Market • Guangdong...

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Globalization and Its Discontents: 12/3/07 Globalization – the flow of goods, expansion of market “Free Trade ” – central to the notion of Globalization NAFTA – pertains to the US, Mexico, and … Maquiladora – accelerated by NAFTA…produced goods for lower wages Wages & the “race to the bottom” – protestors of NAFTA thought they would not help American wages World Trade Organization – 1999 groups of environmentalists and working class people protest “chipping away at American jobs” World Bank – provides low interest loans to countries to develop industry International Monetary Fund - Wal -M
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Unformatted text preview: • The Global Labor Market - • Guangdong Province, China – 2004 China produced 20% of US textiles, 2006-30%, • Trade deficit – 2004 trade deficit in Long Beach alone US imported $36 billion and exported $3 billion Globalization in North Carolina and throughout the US • Pillowtex, Kannapolis, NC - • Multi-Fiber Agreement (MFA) of 1974, government deregulation - • From Working Class to Working Poor – 70,000 people laid off from General Motors between 1993-2003 (the population of Wilmington) and is now the wealthiest company in America “What’s good for General Motors is good for America”...
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