790-357 2-11-08

790-357 2-11-08 - Comp poli econ 2-11-08 refresher from...

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Comp poli econ 2-11-08 – refresher from 2-6-08 (nothing new) * Don’t read article about politicking in class (espinghams) CME –commercial market economy LME – limited market economy Change in Environment - Economic conditions o Trade Outsourcing is more of a symptom than cause o Financial markets – capital market integration With increased integration, if you have paper assets you can move money very easily overseas o Technology - has had huge impact on this pattern of production Fordist industrialization organization – Henry Ford – assembly line – How has this changed today? unskilled labor parts now use machines the greater the technological advances become the greater the need for skilled labor – we look abroad gives managers much more control over inventory and sales (large stocks of supplies not needed in warehouses – less wasted) – just in time Widening wage gap between skilled and unskilled workers – partly due to tech o Sectoral change
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790-357 2-11-08 - Comp poli econ 2-11-08 refresher from...

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