What is the impact of post-Fordism?
In the economic realm, post-Fordism brought the decline of regulation and production by the nation-state and the rise of global markets and corporations. Mass marketing was replaced by flexible specialization, and organizations began to emphasize communication more than command.
What is Fordism in globalization?
Fordism is a manufacturing technology that serves as the basis of modern economic and social systems in industrialized, standardized mass production and mass consumption. The concept is named for Henry Ford.
How is post-Fordism different from Fordism?
The key difference between Fordism and Post Fordism is that Fordism refers to the large scale production of identical products, whereas Post Fordism refers to the flexible specialization of production in small batches. The concept of Post Fordism originated when the concept of Fordism fell out of use during the 1970s.
What is deindustrialization in economics?
De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.
What are post-Fordist methods?
post-Fordism in British English (ˌpəʊstˈfɔːdɪzəm ) noun. the idea that modern industrial production has moved away from mass production in huge factories, as pioneered by Henry Ford, towards specialized markets based on small flexible manufacturing units.
What is the main reason for deindustrialization?
Deindustrialization is not a negative phenomenon, but a natural consequence of further growth in advanced economies. The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services. North-South trade has played very little role in deindustrialization.
Why was Fordism so important to the rise of the US?
The rise of Fordism to dominance in the US was central to both the transformation of the sociospatial structure of the US and the rise of the US as the globally dominant capitalist power in the twentieth century.
Can Fordism and industrialism co-exist?
Ritzer (2000) argues that despite the fact that Post-Fordism and Post-Industrialism has emerged, there has been no clear break from either Fordism or Industrialism, as elements and aspects of it are still present in work, and even though it may be contradictory, they co-exist.
What is post-Fordism?
In the industrial core, post-Fordism is most commonly associated with the emergence of flexibly specialized production systems and flexible labor markets. Typically, conditions of flexibility in work and production exist well away from traditional centers of Fordist production and flourish in places like the Silicon Valley or the Third Italy.
How did Fordism affect regional disparities?
The era of Fordism was in general one of declining regional and urban disparities. In aggregate terms, if not qualitative ones, employment opportunities spread out from the overheated center to the cooler periphery. At the local level, this often created a de facto territorial compact between places and firms.