Globalization and Economic Transformation
Classified in Social sciences
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Globalization Process
The unification of the world drives the circulation of material and immaterial goods, leading to the re-globalization of economic, social, political, and cultural aspects. This globalization has unique characteristics that differentiate it from other stages of capitalism:
- State reform and deregulation of economic and financial activities.
- Productive restructuring and the emergence of new forms of labor organization.
- Processes of regionalization and integration, leading to the formation of large economic blocs.
Fordism
Fordism is a specific way of organizing the production process that characterized the capitalist system from the 1930s. Using an assembly line, as pioneered by Ford Motors in the early 20th century, it represents... Continue reading "Globalization and Economic Transformation" »