412 - 19:11 19:11 Lecture 19:11 - The Global Economy,...

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Lecture  19:11 - The Global Economy, Corporations, Consumption, and the Environment - Interconnectedness of Social Problems The Global Economy Production is coordinated through Global Supply Chains and Value Chains Production organized in global networks of organizations (e.g. corporations), people, technology, information, and resources Value generally flows from less developed countries to more developed countries What is a corporation? An INSTITUTION – it is a unique structure and set of imperatives that direct the actions of people within it A BUSINESS ENTITY – it has limited liability and a goal to use productive assets to earn profits for its owners Within society, corporations… Are one of many ways to organize production Are one of many ways to provide us with jobs, goods, and services Have become a dominant means of organizing productions and providing jobs, goods, and services Role of the Corporation in Production and Consumption Laws
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This note was uploaded on 10/24/2011 for the course SOCY 105 taught by Professor Mogadam during the Spring '05 term at Maryland.

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412 - 19:11 19:11 Lecture 19:11 - The Global Economy,...

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