GEOG1200 1st Edition Lecture 14Outline of Previous LectureI. Life and debt Outline of Current LectureI. Rethinking CapitalismII. Problems III. Post-Fordism Current LectureRethinking Capitalism - London school - Austin school - Chicago School - Privatization - Tax Reforms - Free Trade- Reducing Public Expenditure - FDI - Critique: public goods become too expensive First World Problems - Production outsourcing - Low investment - Leads to out-competition of mom and pop shops - SAPS on loans – third world countries coming for loans Third World Problems - Free trade – farmers lose subsidies, - Includes food insecurities- Change in land use - GM seeds These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Rural to urban migration - ISI – deindustrialization – urban underdevelopment - TRIPS – trade related aspects of intellectual property - Open borders to companies to obtain sources - Farmers are losing resources to companies to take it – Biopiracy Post-Fordism - 1940’s – 1960’s- Keynesian to Fordism - From 1970’s to Present Neoliberalism - Post-Fordism is hard to convince middle class to keep purchasing products - Fordism: integration, homogenous products, deskilled, middle class target, factory based, rigid condition of production - Post-Fordism: vertical disintegration and horizontal/geographical integration, producer diversity, reskilled, students, working moms and bureaucrats target, informal – hardly legal world of sweat shops, flex or just-in-time production- Globalization: 1900’s onward, investment revolution, neoliberalism, free
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