Global Shift
- Created by: Charlie Davies
- Created on: 21-05-14 11:07
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- Global Shift
- manufacturing has gone from developed countries to lower wage economis
- known as Global Shift
- this is brought about by FDI by TNC's
- lead to the de-industrialisation of richer countries(mdcs)and the focus on tertiary and Quaternary industry
- been outsourcing of service operations, such as call centres
- Mumbai
- known as Global Shift
- On MEDC's
- Positives
- movement of polluting industries away from their country
- Cheaper imports can keep the cost of living down benefiting the retail sector
- Growth in LEDC's may lead to demand for exports from MEDc's
- Labour market flexibility and effciency
- Help to reduce inflation
- Development of new technology leads to investment
- Negatives
- negative multiplier effect
- Large gap between skilled and unskilled workers
- loss of skills
- deindustrialisation of some areas
- Could lead to wide spread unemployment
- Positives
- On LEDCS
- Positives
- Increased FDI and investment which can lead to improved services such as infrastructure, healthcare and education
- Help reduce development gap
- Increased exports increases income and GDP
- Increased employment
- New Technology
- Development of new industries
- Negatives
- Rapid urbanisation and rural-urban migration
- Destabilises food supplied, lless agriculture
- westernised approach to economy
- Increased environmental damage due to polluting industries
- Exploitation of labour
- Over-dependent on one industry
- Positives
- manufacturing has gone from developed countries to lower wage economis
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