Processes of economic change can create opportunities for some while creating and exacerbating social inequality for others

The influence of globalisation in driving structural economic change in places:
Globalisation = the growing integration and interdependence of people’s lives in a complex
process with economic, social, political and environmental components.
Transnational corporations (TNCs) and nation states are key players in the global economy.
Global Shift = the locational movement of manufacturing production (ACs to EDCs and
LIDCs) from the 1970s. 1950s raw materials exported from Zambia and Brazil into W.Europe.
New International Division of Labour (NIDL) = 1980s, reorganisation of production globally
due to deindustrialisation in ACs and global spread of MNCs. Higher-paid managerial jobs in
ACs, lower-paid labour jobs in LIDCs and NICs due to containerisation.
Economic restructuring = the change in proportions of people working in various economic
sectors.
Post Industrial = a society and economy no longer dominated by secondary sector but
tertiary (and quaternary) in ACs.
Rostow 5 stages of economic growth:

Limitations- Assumes all countries have same start point, resources are not evenly
distributed, Eurocentric western perspective and assumes no regressions.