Post-Fordism
The period after Fordism has been termed Post-Fordist and Neo-Fordist. The former implies that global capitalism has made a clean break from Fordism (including overcoming its inconsistencies), whilst the latter implies that elements of the fordist ROA continued to exist. The Regulation School preferred the term After-Fordism (or the French Après-Fordisme) to denote that what comes after Fordism was, or is, not yet clear.
In Post-Fordist economies:
- New information technologies are important.
- Products are marketed to niche markets rather than in mass consumption patterns based on social class.
- Service industries predominate over manufacturing.
- The workforce is feminized.
- Financial markets are globalized.
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