7 Globalization fall10 Bb.ppt

7 Globalization fall10 Bb.ppt - too? Outsourcing...

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FMSC 381 September 22, 2010
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Globalization Workers move within/across borders M Globalized economy Interconnections Travel routes and rapid communication Flow of money, capital, credit M Began with mercantilism and colonization
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Importing the 3 rd  World (Shipler) Entry into U.S. Coyotes and indentured servitude Family life in a migrant camp M Cutting costs Sweatshop labor Wage inequity Poor treatment
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Globalization Globalized economy and poverty Jobs more vulnerable National wealth tied to global wealth National poverty tied to global poverty M Who has the cheapest labor? Deindustrialization – manufacturing departs Service sector economy rises – and leaves
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Unformatted text preview: too? Outsourcing Outsourcing Going out of company/state/country to create product at lowest cost Contributions of technology Competition in the World Economy Robert Reich: Different economic boats Routine producers – sinking rapidly In person servers – sinking slowly Symbolic analysts – rising steadily Competition in the World Economy Robert Reich Economic fates of Americans are beginning to diverge End of the notion of economic nationalism Consumerism 1960 $10,000 per person per year (2000 dollars) M 2000 $24,000 per person per year (2000 dollars)...
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This note was uploaded on 01/19/2011 for the course FMSC 381 taught by Professor Staff during the Fall '09 term at Maryland.

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7 Globalization fall10 Bb.ppt - too? Outsourcing...

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