1. Contemporary Global Economic Production:

2. Fordist Production Fordist Production – highly specialized system for organizing industrial production & labor; assembly-line for mass consumption (after WWI). Postindustrial Flexible Production Postindustrial Flexible Production (or “post-Fordist”)– producers can move production sites & renegotiate contracts easily (technology, more tertiary industries) *international markets are brought “closer together” through outsourcing Outsourcing: to relocate from higher-cost locations to lower-cost market locations.

3. transnational (or multinational) corporations: businesses that conduct research, operate factories, and sell products in more than one country –*Some transnational corporations (TNCs) and multinational corporations (MNCs) produce more than some countries (Ford, Exxon, General Motors, Walmart, McDonald’s) –Hyper-Industrial Production???

5. ***we are ‘wired’ into a global economy & culture that has created a more uniform, integrated, & interdependent conception of space -homogenization or differentiation??? space-time compression: the imaginative feeling that places around the world are closer together and are increasingly interdependent “fast world” vs. “slow world”…creates a “digital divide” -half the world lives on less than $2 a day & has no electricity or phone…

6. Space-Time Compression, 1492–1962 The time required to cross the Atlantic or orbit the Earth… Have transport improvements “shrunk” the world?

7. core-periphery model: a theory in which rich, industrialized countries (the “1st world”) dominate poorer, unindustrialized countries (the “3 rd world”) economically -Examples of core-periphery relationships??? *Core-periphery link can exist at many scales: -within a region (Los Angeles is a core of S. Cal.) -within a country (Johannesburg is a core of S. Africa) -global (Japan is a core of E. Asia) Why a World of Haves & Have Nots?

8. *3 Major core regions of the world? -New York, London, Tokyo -Why is the relationship often referred to as neocolonial in nature??? NY Stock ExchangeWestminister, London

9. Haiti - $790 Per Capita GDPs: Congo - $320 Japan - $32, 443Egypt - $4,282 S. Afr. - $11,035 S. Korea - $27, 169 U.S. - $46,381

10. Countries Historically Responsible for Greenhouse Gas Emissions

11. Spread of Aids in Africa

12. *Internet Access - Does a ”digital divide” exist?

13. “New” International Division of Labor : -Periphery regions are dependent on core for manufacturing jobs -Core TNC’s are dependent on periphery for cheap labor, fewer environmental regulations, & expanding markets

14. Deindustrialization: –Regions with higher labor & resource costs in the core may deindustrialize as production shifts to the periphery (think the “Rustbelt” in the U.S.). –Most jobs in in core countries are in the “service sector” NOT manufacturing “Rust Belt”

16. Outsourcing & Mexico 1960s – Mexico allowed foreign owned companies to build factories clled: Maquiladoras –within 20 miles of U.S. border –for export Electronics Textiles Furniture Leather Goods Toys Automotive Parts