GG102 Lecture Notes - Lecture 15: World-Systems Theory, Smog, High Tech
Document Summary
Economic geography studies the ways in which space changes (and is changed by) the economic organization of society. Studies how the world functions as one economic sphere (wst world system theory) One third fewer workers producing 2. 5x as many goods (cid:862)it is(cid:374)(cid:859)t just that (cid:449)orkers are (cid:272)heaper a(cid:271)road. (cid:271)ri(cid:374)gi(cid:374)g those jo(cid:271)s (cid:271)a(cid:272)k (cid:449)o(cid:374)(cid:859)t help (cid:449)age le(cid:448)els a(cid:374)d e(cid:272)o(cid:374)o(cid:373)(cid:455) Automation is primary reason of loss of manufacturing jobs. Jobs lost to china were least qualified and least lucrative jobs. New york times, jan. 21, 2012 vast scale of overseas factories as well as the flexibility (ie. tell workers what to do), diligence and industrial skills of foreign workers have so outpaced their american counterparts (cid:863) Usa/canada is no longer competitive when it comes to manufacturing. Lack of mobilization capabilities china quick, short distances, few compliance issues, no red tape, hire and fire. Labour cost (as little as /month) but mainly flexibility. One-child policy leaves a hole in age-pyramid and economy.
