Microeconomic Liberalisation and the New International Division of Labour (NIDL)

The international division of labour (IDL) has long been a cornerstone of the global economy, with countries specializing in different types of production based on their comparative advantages. However, globalization, technological advancements, and shifting economic forces have led to the emergence of a New International Division of Labour (NIDL). This new paradigm is characterized by increased complexity, fluidity, and a growing emphasis on human factors.

Contents:

1. Microeconomic Liberalization and the Optimization of Production
2. The Organic NIDL: Optimal Allocation and Distribution
3. Human Factors at the Center of the New IDL
4. The Byproducts Economy and Human-Centric Production
5. Summary
6. Related Articles
7. External Weblinks

Microeconomic Liberalization and the Optimization of Production

Microeconomic liberalization, with its emphasis on free markets, deregulation, and open trade, plays a crucial role in shaping the NIDL. By removing barriers to trade and investment, NIDL engenders a globalized economic landscape where production can be located optimally based on factors such as resource availability, labor costs, and technological capabilities.

Market liberalization, coupled with De-Industrialisation Heritagization in developed countries, creates a dynamic where:

• Full employment is achieved as workers transition from traditional manufacturing to service-oriented and heritage industries.
• Comparative advantage is enhanced, with countries specializing in sectors where they possess unique strengths and resources.
• International competitiveness is fostered, driving innovation and efficiency.

The Organic NIDL: Optimal Allocation and Distribution

When all national economies are performing optimally under microeconomic liberalization, a natural and organic NIDL is manifest. This is signified by a global economy in which:

• Productive resources are allocated efficiently across the globe, maximizing output and minimizing waste.
• Human factors are optimally distributed, with individuals engaging in activities that best utilize their skills and knowledge.

This organic or "nativistic" NIDL represents a dynamic equilibrium where comparative advantage, full employment, and international competitiveness converge to create a thriving global economy.

Human Factors at the Center of the New IDL

Human factors take center stage in this new paradigm of labour economics. As production becomes increasingly knowledge-based and service-oriented, the skills, creativity, and adaptability of the workforce become critical drivers of economic value. This is particularly evident in the rise of heritage industries, which rely heavily on human expertise in preserving, interpreting, and presenting cultural and historical assets.

The Byproducts Economy and Human-Centric Production

The Byproducts Economy, with its focus on resource efficiency and circular production models, further reinforces the importance of human factors. By maximizing the value of resources and minimizing waste, it encourages the development of localized production networks and the utilization of human skills in remanufacturing and upcycling processes.

Summary

The NIDL, shaped by Microeconomic Liberalization's Free World Industrial Settlement and De-Industrialisation Heritagization, is leading to a more human-centric model of production. In this new landscape, human factors are optimally distributed to the sites of production, driving economic value and competitiveness. NIDL represents a dynamic equilibrium where comparative advantage, full employment, and international competitiveness converge, paving the way for a more sustainable and prosperous global economy.

Related Articles

• Social Productivity of Material Labour and the Elasticity of De-Industrialisation
• Abundance and Environmental De-Coupling
• Absorptive Potential and Sustainable Growth
• One Cell (Metaphysical) Model and Enviro-Economic Systems

External Weblinks

• ByProducts Economy (+BP Money) & Environmental De-Coupling Infopage