GEOG 102 Lecture 12: Geog152CitiesofEuropeWeek10Lecture12
Document Summary
These industries never recovered from great depression (textile industry and iron/steel industry). Systematic underinvestment in new technologies (true of the iron/steel industry) Blasting furnaces to make iron (this was an old method). Britain did this because they invested in america, which was making money. Labor forces productivity became more or less competitive for britain, france, and. British wage increased more than they were actually producing. This was the story for many industrial countries at this time. Labor-intensive phases of production were moved to places where labor costs were lower (southeast asia, indonesia). This was beginning of global production chains. Gm, ford, and chevrolet make up less than half of the american vehicle market. The majority of car brands, toyota, honda, are produced abroad in asian countries. Even though shipbuilding is focused in one place building ships, moving a hull from one place to another is practiced. Companies now have each product"s parts made in different countries since.
