63:, the economy will suffer along with the whole community. A second disadvantage develops if all communities come to rely on a product developed by a single community, because that community would then have a monopoly on that product and would be able to withhold production for their own benefit. The third disadvantage is that individual workers, now specialized for particular occupational skillsets, may be vulnerable to economic reorganizations. These can be triggered by volatile 'product cycles' and the development of new industries, where representation in
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This type of relationship can be socially and economically advantageous; however, too much specialization can also lead to major disadvantages. First, if a community specializes too heavily on a product, they can become dependent on the success of that product and will experience an economic disaster
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Before the emergence of centralized manufacturing, individuals specialized in the development of one product and traded it for finished products made by other individuals. While this relationship can describe specialized trades within a community, such as master sewers, blacksmiths, and farmers, it
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can also refer to the specializations of several networked communities. For example, one community might make clothes for the purpose of exchange, while another makes tools and a third produces food for the same purpose. Social division of labor greatly increases
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constituencies is different from that of older, outsourced, or automated ones (for example, financial services vs. weaving).
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if the product is replaced (or becomes extinct). For example, if bananas go extinct or grow under bad seasonal conditions in
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Forces of Labor: Workers
Movements and Globalization Since 1870
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Naming the System: Inequality and Work in the Global
Economy.
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Trans. Ben Fowkes. New York: Vintage Books, pp. 772, 781–94.
23:, is the social structural foundation of the specialized
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Capital: A Critique of
Political Economy, Volume One.
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Mandel, E. (1977). Introduction. In Marx, K. (1977).
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Capital: A Critique of
Political Economy, Volume One
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148:New York: Monthly Review Press, pp. 92–3.
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