Sociology 2140 Chapter Notes - Chapter 7: Trade Bloc, Working Animal, Profit Motive
6 Apr 2020
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Document Summary
The global context: the economy in the 21st century. In recent decades, innovations in communication and it have spawned emergence of a global economy: an interconnected network of economic activity that transcends national borders and spans world. Globalization of economic activity means that increasingly, our jobs, the products and services we buy, and our nation"s political policies and agendas influence and are influenced by economic activities occurring around the world. Nature of work has been shaped by industrial revolution, the period b/w mid-18th century and early 19th century when factory system was introduced in england. The three fundamental work sectors (primary, secondary, and tertiary) reflect major economic transformations in society industrial revolution and post-industrial. Just as industrialization and post-industrialization changed nature of economic life, so has globalization of trade the expansion of trade of raw materials, manufactured goods, and agricultural products across national and hemispheric borders.
