CHICANO 10B Lecture Notes - Lecture 13: Domestic Worker, Alameda Corridor, Dry Cleaning
10 Apr 2018
School
Department
Course
Professor
Document Summary
Economic restructuring of the u. s. (globalization of the us economy) Deindustrialization or relocation of industrial jobs (i. e. rustbelt) The relative shrinkage of basic industries such as automobiles and steel in the face of international labor competition and the mobility of multinational capital. Reorientation of the economy toward service and technology. Creation of global cities-- corporate elite creates a third world city/global city thought their consumption demands (gardeners, dry cleaning, restaurants, etc. ) Subcontracting and decentralization led to growth in light manufacturing. The reemergence of old industries like garment assembly as well as like electronics based on newer and cheaper immigrant labor. Los angeles and the so-called sunbelt of the southwest are primary regions where this process is taking place. The global economy is based on a global network of factories, The concentration of these financial centers into what sassen called. La is the headquarters to at least 15 transnational firms.
