Participation in global system of production, Microeconomics

Participation in Global System of Production:

As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressively increasing. This is well-known to all who are involved in international business, but let us give one telling example. Of the $20,000 for a General Motors automobile, $6,000 goes to South Korea for routine labour and assembly operations, $3,500 to Japan for advanced components and electronics, $1,500 to Germany for styling and design engineering, $800 to Taiwan and Singapore for small components, $500 to the UK for advertising and marketing services and $100 to Ireland and Barbados for data processing and about $800 to strategists in Detroit, banks and insurance in the USA. At another level, Drucker points out that the only thing really made in Japan of an electronic calculator carrying the lable 'Made in Japan' is the label. India should carve out a role for itself in this emerging international division of labour.  

Posted Date: 11/15/2012 12:40:29 AM | Location : United States







Related Discussions:- Participation in global system of production, Assignment Help, Ask Question on Participation in global system of production, Get Answer, Expert's Help, Participation in global system of production Discussions

Write discussion on Participation in global system of production
Your posts are moderated
Related Questions

What is meant by labor force?    In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above

When the curve that envelops the sweries of possible short-run average total cost curves is horizontal, this means that they are a. economies of scale, b. dieconomies of scale, co

Income and Substitution Effects: Normal Good *  The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c

what is the theory of second best ? prove the theorem with the help of a diagram ?

oxidation state of f block elements

a project report on marshalls marginal utility analysis

Structural Unemployment: This is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology.These changes may in turn alter

factors influencing the conditions of demand for a given product

Movements of the demand curve itself, either to the left or right are known as changes in demand.  A change in demand is caused by a change in one or more of the nonprice determina