POLS 1090 Lecture Notes - Lecture 9: Emerging Markets, Washington Consensus, Capital Control
8 Mar 2016
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0 1990 asian inancial crisis and illustrates instability that can occur with the global development process. Export processing zones became an integral part of global sub-contracing. With global subcontracing there is the development integrated producion across naional economies much of which is being organized by transnaional organizaions. Its esimated that up to 70% of global trade is organized by transnaional corporaions. Contrary to the usual assumpion that trade is between naional economies with disinct companies, much trade is organized by companies that own assets and trade among diferent naional economies. There were sill naional home bases for speciic transnaionals. Business or accumulaion strategies are focused on global operaions not naionally based operaions. Increasingly companies like trans-naionals are no longer geing the vast majority of sales and they are not producing on a naional basis. See page 93 on mcmicheal (the chart is giving you the evidence) could be used for essay to support your arguments.
