Understanding the Global Economy
THESIS
«Understanding the Global Economy»
Made by: Islamdin Umarov
Department: Business administration
Student number: 920110009
Table of Contents
Introduction_________________________________________________________3
1.Comparative Advantage ______________________________________________5
2.The Globalization of Production________________________________________18
3. Theories that Regard Choices of what Technology to Use as the Creators of the Global Economy_____________________________31
4. Marxist Theories____________________________________________________36
5. Post-Marxist (Post-Structuralist) Theories________________________________45
6. Recommendations: How to Work for Justice in the Global Economy___________57
7. Conclusion ________________________________________________________73
8. Reference__________________________________________________________75
Introduction
The citizen who seeks to understand the global economy is faced with a bewildering variety of scientific theories which purport to explain it. The phenomena to be explained are often painful: for example, the diminishing number of union jobs with benefits in New York, apparently due to competition with low-wage labor in places like Indonesia and Mexico, the loss of high technology jobs in Massachusetts due to high technology imports from Japan, the stagnation of economies like Haiti and the Dominican Republic with rates of unemployment near 50%. The effects on global politics are profound: they include the rise of the power of China and Southeast Asia, and the corresponding decline of the power of the West. Indirect effects to which global trading patterns are thought to contribute as causal factors are even more profound: the burning of the jungles of Brazil; the breakdown of the social
«Understanding the Global Economy»
Made by: Islamdin Umarov
Department: Business administration
Student number: 920110009
Table of Contents
Introduction_________________________________________________________3
1.Comparative Advantage ______________________________________________5
2.The Globalization of Production________________________________________18
3. Theories that Regard Choices of what Technology to Use as the Creators of the Global Economy_____________________________31
4. Marxist Theories____________________________________________________36
5. Post-Marxist (Post-Structuralist) Theories________________________________45
6. Recommendations: How to Work for Justice in the Global Economy___________57
7. Conclusion ________________________________________________________73
8. Reference__________________________________________________________75
Introduction
The citizen who seeks to understand the global economy is faced with a bewildering variety of scientific theories which purport to explain it. The phenomena to be explained are often painful: for example, the diminishing number of union jobs with benefits in New York, apparently due to competition with low-wage labor in places like Indonesia and Mexico, the loss of high technology jobs in Massachusetts due to high technology imports from Japan, the stagnation of economies like Haiti and the Dominican Republic with rates of unemployment near 50%. The effects on global politics are profound: they include the rise of the power of China and Southeast Asia, and the corresponding decline of the power of the West. Indirect effects to which global trading patterns are thought to contribute as causal factors are even more profound: the burning of the jungles of Brazil; the breakdown of the social