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Good morning!!! You have READING and VOCAB quizzes today

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Presentation on theme: "Good morning!!! You have READING and VOCAB quizzes today"— Presentation transcript:

1 Good morning!!! You have READING and VOCAB quizzes today
Please get a remote Take out the following vocab cards substitution principle, fixed cost, multiplier effect, variable cost Take out reading guide 22 days until AP test (including weekends) HOLY CRAP 30 days until SUMMER (including weekends)

2 Developments Industrialization & New Division of Labor

3 Decline of Secondary Industries in MDCs
Deindustrialization Transition of primary economic activity of a country to shift from Secondary to Tertiary industries Especially in MDCs since 1950s Otherwise known as the post-industrial era Changes in manufacturing in MDCs Increased automation High-Technology production

4 Case Study: Deindustrialization in Europe

5 Case Study: The United States

6 Impacts of Deindustrialization
Transnational Corporations Increasing trend of corporations having entities in different countries Offshoring and Outsourcing used to maximize profits Industrial Decay Decline of traditional manufacturing centers The Ex. Rust Belt

7 Impacts of Deindustrialization
Industrialization of LDCs Corporations moving production centers to LDCs in favor of lower land and Labor costs Leading to unemployment in MDCs Development of Trading Blocs to increase trade between neighboring countries Ex. NAFTA

8 Case Study: Detroit Michigan

9 Case Study: Maquiladoras

10 New International Division of Labor
Transfer of some types of jobs, especially those requiring low-paid, less-skilled workers, from more developed to less developed countries. Specialization in types of economic activities Ex. China as manufacturing center and London as a banking center

11 New Industrial Zones China taken over as dominant industrial power
Begins in 1970s Foreign interest begins in 1990s Mexico and Brazil Specifically around Sao Paulo and Mexico City Central Europe Poland, Czech Republic, Hungary


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