POLS 1090 Lecture Notes - Lecture 9: Emerging Markets, Washington Consensus, Capital Control
8 Mar 2016
School
Department
Course
Professor
Document Summary
1990 asian financial crisis and illustrates instability that can occur with the global development process. Export processing zones became an integral part of global sub-contracting. With global subcontracting there is the development integrated production across national economies much of which is being organized by transnational organizations. Its estimated that up to 70% of global trade is organized by transnational corporations. Contrary to the usual assumption that trade is between national economies with distinct companies, much trade is organized by companies that own assets and trade among different national economies. There were still national home bases for specific transnationals. Business or accumulation strategies are focused on global operations not nationally based operations. Increasingly companies like trans-nationals are no longer getting the vast majority of sales and they are not producing on a national basis. See page 93 on mcmicheal (the chart is giving you the evidence) could be used for essay to support your arguments.
