Post Fordist Production
World economic system characterized by a more flexible set of production practices in which goods are not mass-produced; instead, productions has been accelerated and dispersed around the globe by multinational companies that shift production, outsourcing it around the world and bringing places closer together in time and space than would have been imaginable at the beginning of the twentieth century. |
VOCAB
ertical integration: ownership by the same firm of a number of companies that exist along a variety of points on a commodity chain (e.g., Perdue Farms)
Friction of Distance: A measure of how much absolute distance affects the interaction between two places.
Distance Decay Effect: The decrease in interaction between two phenomena, places, or people as the distance between them increases
Time-space convergence: The idea that distance between some places is actually shrinking as technology enables more rapid communication and increased interaction between those places.
Just-in-time Delivery: Method of inventory management made possible by efficient transportation and communication system, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed.
Flexible Production System: A system of industrial production characterized by by a set of processes in which the components of goods are made in different places around the globe and then brought together as needed to meet consumer demand.
Global Division of Labor: Phenomenon whereby corporations and others can draw from labor markets around the world, made possible by the compression of time and space through innovation in communication and transportation systems.
ertical integration: ownership by the same firm of a number of companies that exist along a variety of points on a commodity chain (e.g., Perdue Farms)
Friction of Distance: A measure of how much absolute distance affects the interaction between two places.
Distance Decay Effect: The decrease in interaction between two phenomena, places, or people as the distance between them increases
Time-space convergence: The idea that distance between some places is actually shrinking as technology enables more rapid communication and increased interaction between those places.
Just-in-time Delivery: Method of inventory management made possible by efficient transportation and communication system, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed.
Flexible Production System: A system of industrial production characterized by by a set of processes in which the components of goods are made in different places around the globe and then brought together as needed to meet consumer demand.
Global Division of Labor: Phenomenon whereby corporations and others can draw from labor markets around the world, made possible by the compression of time and space through innovation in communication and transportation systems.