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| Pao 2, Dwelling for a Tokyo Nomad Woman - Toyo Ito |
One of the major impacts of economic globalization is the decomposition of national economies into a decentralized system of world trade. Sites of production have been relocated from developed nations to the developing nations to take advantage of low cost labor. Different levels of production--for instance assembly--have emerged in separate regions from specialized manufacturing, R&D, and marketing. Much of this is fueled by efficient logistics and instantaneous networked communications. The decomposition of industries is mirrored in the division of nations into regions of production and consumption. The emergence of high-tech manufacturing and a strong service and financial sector in post-war Japan placed it in the camp of consumer nations along with the west.
