Week 9 Flashcards

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1
Q

1909: First labour strike. Women led. Protest for better pay and working conditions.

A

Apparel Industry

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2
Q

Apparel industry is the largest employer in the world

A

Apparel Industry

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3
Q

Incredible income disparity (ex. Lebron James)

A

Apparel Industry

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4
Q

Largely female workforce (Protests have been women-led)

A

Apparel Industry

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5
Q

A system in which we have the organization and regulation of resources, production, distribution and consumption of goods and services.

A

Economy

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6
Q

System is organized based on supply and demand.

A

Market Economy

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7
Q

No controls. Prices aren’t artificially lowered or raised by a controlling agency (ie. Government). Regulated by consumer demand (capitalism).

A

Free/Open Market:

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8
Q

Also ‘command economy’. Planning and commanding of economy is done by government (socialism/communism).

A

Planned Economy

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9
Q

Segments of the economy are market-based, some are planned (ex. Canada).

A

Mixed Economy

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10
Q

Natural resources

Ex. Nepal

A

Post-Industrial Economy:

Primary Sector

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11
Q

Manufacturing

Industry

A

Post-Industrial Economy:

Secondary Sector

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12
Q

Service industries

Ex. USA

A

Post-Industrial Economy:

Tertiary Sector

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13
Q

Global division of labour

Supply chains are multinational

A

Global economy

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14
Q

Progress is beneficial to society.

A

Modernization Theory of Economic Development

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15
Q

Progress moves in only one direction

A

Modernization Theory of Economic Development

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16
Q

Modernization = progress

A

Modernization Theory of Economic Development

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17
Q

Loss of distinction

A

Modernization Theory of Economic Development

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18
Q

Pre-Modernization: traditional society. Resource-based economy. Limited trade. Face-to-face business. Familiarity, family relationships. No scientific knowledge of the world. (stage 1)

A

Modernization Theory of Economic Development:

Stages

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19
Q

Preconditions to Take-Off: Regional trade networks. Economy gets larger. Society develops. (stage 2)

A

Modernization Theory of Economic Development:

Stages

20
Q

Take-Off: Period of rapid industrialization/mechanization.(stage 3)

A

Modernization Theory of Economic Development

:Stages

21
Q

Drive to Maturity (stage 4)

A

Modernization Theory of Economic Development:

Stages

22
Q

High Mass Consumption: Only possible in a capitalist system/free market. Most consumer choice. Mass production. (stage 5)

A

Modernization Theory of Economic Development:

Stages

23
Q

Responsibility of 1st world countries to aid third world countries

A

Modernization Theory of Economic Development:

Role of Rich Nations

24
Q

Control population growth (less children)

A

Modernization Theory of Economic Development:

Role of Rich Nations

25
Q

Increase food production

A

Modernization Theory of Economic Development:

Role of Rich Nations

26
Q

Introduce high technology

A

Modernization Theory of Economic Development:

Role of Rich Nations

27
Q

Provide financial assistance

A

Modernization Theory of Economic Development:

Role of Rich Nations

28
Q

Unequal relation between first and third world nations

A

Dependency Theory

29
Q

Born out of resistance to modernization theory

A

Dependency Theory

30
Q

Established in the 60s and 70s

A

Dependency Theory

31
Q

If poverty is structural, the economy is keeping these countries poor and first world countries rich (capitalism)

A

Dependency Theory:

Why 1st world countries aren’t improving

32
Q

Third world countries are dependent and have no agency

A

Dependency Theory:

Why 1st world countries aren’t improving

33
Q

Neocolonialism: Colonizers are now transnational corporations

A

Dependency Theory:

Why 1st world countries aren’t improving

34
Q

Periphery Countries: Poor countries are in charge, they are the consumers.

A

Capitalist World System, Wallerstein

35
Q

Semi-Periphery Countries

A

Capitalist World System, Wallerstein

36
Q

Core Countries: Most developed

A

Capitalist World System, Wallerstein

37
Q

1 employer in developing countries

A

Globalization and the Textile and Garment Industries

38
Q

Provides acceptable job and financial independence for women

A

Globalization and the Textile and Garment Industries

39
Q

Affordability of fashion made this possible

A

Globalization and the Textile and Garment Industries

40
Q

Each step in manufacturing process increases the value

A

Buyer-Driven Value Chain

41
Q

Buyers are setting the prices

A

Buyer-Driven Value Chain

42
Q

Consumers are creating a demand for cheaper and cheaper apparel

A

Buyer-Driven Value Chain

43
Q

Consumers and retailers are located where apparel is not manufactured

A

Buyer-Driven Value Chain

44
Q

Manufacturers focus of brand (Brand perception vs. product)

A

Manufacturers without Factories

45
Q

No legal obligations to their workers or the environment

A

Manufacturers without Factories

46
Q

Clothing production: A race to the bottom?

Will this happen in other industries (seeking out cheapest resources and labour for maximal profit)?

A

Manufacturers without Factories