14 Causes of change in CMEs Some theories (Feb 16)

14 Causes of change in CMEs Some theories (Feb 16) - a.In...

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THEORIES OF CHANGE IN CMES, NORTHERN AND CENTRAL 1.Technological changes made interindustry, interoccupational wage compression unviable (Moene and Wallerstein) 2.Internationalization of capital markets (not just intl trade!) weakens eco and pol position of labor, regulatory capacities of gov’t (Huber and Stevens) 3.Economics of service sector differs fundamentally from mfg (Iversen and Wren)
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Unformatted text preview: a.In mfg, higher productivity lowers prices of goods; increased demand creates more jobs and higher wages b.In services, higher productivity lowers quality; wages and salaries bifurcate between very low and very well paying positions c.Result is “trilemma”: No longer possible to have equality, budget balances, and full employment. Gov’t/society must choose two out of 3....
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This note was uploaded on 04/18/2011 for the course POLI 126AA taught by Professor Ellencomisso during the Spring '11 term at UCSD.

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14 Causes of change in CMEs Some theories (Feb 16) - a.In...

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