SOC354H5 Lecture Notes - Lecture 4: Free-Trade Zone, Joe Fresh, World Trade Organization
Document Summary
Two structural factors that contributed to the development of industrial countries. During the 1970"s credit market was expanding with easy access to credit. If consumption increases, demands of consumer items also increase. The third world countries in global production also increase. Changes in first world countries are related to production in third world countries. These styles of work influenced the world factory (china is the largest world factory. ) Now they have new industrial styles which are also developing in countries such as bangladesh. Third world industrialization is closely related to political and economic global powers. The role of the production and developments needs to be used. Assembly lines: whole production is lined up in a row. Each person has one small tiny job which completes the item at the end. This is very low skilled and profits can be made easily.
