Final - Important Vocabulary/Concepts for Final Week 6...

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Important Vocabulary/Concepts for Final Week 6 Labor FORDISM/ POST-FORDISM (know what these terms mean- pages 125 – 129 and lecture 10) [Fordism] – assembly lines - Just in case inventory… held everything needed to produce in house -Taylorism… specializing in small tasks - National mass consumption… pay employees enough to buy product - Keynesiism. . take care of the worker -looking after workers in down times to ensure someone will pay for products [Post-Fordism]- global level playing field and high stakes global competition for economic survival - horizontal integration -outsourcing/offshoring -welfare to work fare… focus on work and not the well being of employees Definitions of NIDL and deindustrialization page 128 and Glossary NIDL- New Int’l Division of Labor… moving jobs from rich countries to poor countries - Countries like US and UK were deindustrialized because factories moved overseas -leads to development of low-wage employment ie sweatshops -People at top of big companies benefit greatly from this type of worker welfare state to workfare state page 133 -Welfare state… company takes care of employee, pays more, gives time off, wants them to be able to buy product and have time to use it, company makes compromises -Workfare state… company takes away from benefits for employees in order to be competitive on a global scale feminization of labor page 135 Women’s jobs have tended to be more insecure, temporary, and less paid than men’s remittances page 141 When people from another country come to work and take the money they earn to spend in their original economy ILO, ICFTU and Global Union Federations page 144 ILO- Int’l Labor Organization… specialized agency in the UN which works to form global conventions about labor ICFTU- Int’l confederation of Free Trade Unions… seeks to collaborate national union confederations Global Union Federations… Global unions concerned with worker rights in particular economic sectors
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Week 7 Money 10 rules for understanding everyday money-market movements pages 161 – 162 National currency tends to rise when: -The country exports more than it imports -The central bank raises the country’s interest rates (investors buy to reap benefits of higher interest) -Foreign investors believe it is a safe economy to invest in -The country’s central bank buys the currency (raising the demand and price) -The national rate of inflation is reduced, stabilizes purchasing power,reliable National currency tends to fall when: -The country imports more than it exports -The central bank reduces interest rates -Foreign investors believe it is a risky economy to invest in ie. Country is highly indebted -The country’s central bank sells currency, less demand -The national rate of inflation increases, decreased purchasing power of the currency derivatives page 157, 169 and Glossary
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This note was uploaded on 06/03/2010 for the course BIOL BIO 101 taught by Professor Drumheller during the Spring '10 term at University of Washington.

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Final - Important Vocabulary/Concepts for Final Week 6...

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