Factors Affecting The Manufacturing Industry Of Ecuador

Globalization has brought some benefits to Ecuador. My country is a significant player in the global market, it exports oil, shrimp, coffee, bananas, and flowers to the United States, China, and some European countries. This export based development has created jobs and increased the income per capita. Another benefit of globalization is that it has access to

As the industrial revolution began in semi-rural locations, its labor force was drawn primarily from young, unmarried women, frequently daughters of local farmers.

All of the skilled workers that had no job had plenty of time to think about their ideas and how to put them into play. The skilled people came up with many ways to make every day things even easier. These skilled worker made farming, making clothes, and other goods that are used every day much easier. “They could...make among them… upwards of 48,000 pins in a day”(Document 3). This is showing just how much was achieved with these new ideas and inventions. While alone these workers could only make about 20 per person. With these new inventions and ideas they produced and sold much more them they ever could have making them without the machines. Some of the new machines that revolutionized the way clothing way made was the cotton gin, power loom, and the flying shuttle. The longest and hardest part about making clothes was separating the seeds from the raw cotton. The cotton gin made this process go much faster. The power loom was used to weave threads into cloth automatically(Document 6). The downfall of this machine is that it is water powerd. This means that it must be used near running water. The flying shuttle was yet another invention that helped the people at home making clothes. The job of the flying shuttle was to increase the weaving

artisans who taught them to be smiths and coopers and the like. These trades were then passed

Some minor arts include metalworking, carpentry, leather working, stone carving, ceramic production, and the preparation of papyrus. Things made were wooden boxes, veneered chests, leather shoes, tunics, implements and weapons, stone vessels, metal tools, and folding chairs and beds.

Wages varied according to what industry the workers were in. It also varied upon the skill level of the workers. Most were defined as "semi-skilled" but there were some who were considered artisans. At the beginning of the century artisans such as hand-loom weavers made as much as 35 shillings(s.) a week. Half way through the century the were making only 7s. 2 1/2 pence(d.). The frame-knitters of the Midlands experienced a similar salary decrease as technology took over the work they

Artisan - They were the builders and Skilled labors some examples of skilled labor is potters goldsmith carpenters jewelers and

During this time the two most common guilds were craftsmen and merchant. Merchant guilds sold increasing quantities of cloth around Europe and they imported raw wool from England to supply the cloth-makers in order to handle long-distance and regional trade. The other guild craftsmen was when weavers or dyers achieved a monopoly in the production of a product. In many places where the guilds performed independently of one another the craft guilds began to take over the control of the production from the merchant guilds. The guilds set quality standards for their products, managed the size of the workshops, the

3.2.3. Industrial Revolution: Prior to the industrial revolution, economies were primarily agricultural and manufacturing typically consisted of small groups of craftsmen working at their homes. Apprentices would work for and be trained in a craft by amaster craftsman until, as experienced journeymen, they produced their masterpiece. Then they would take on apprentices of their own and pass on their knowledge and skills. During the industrial revolution, more and more workers left the farms and shops for jobs in factories. Adam smith described how a factory could produce more food more cheaply than could be made by hand by a craftsman, because each worker did one part of the production process and could become more skilled and efficient at

Artisans are common, although they are not as common as Guardians. They comprise about thirty to thirty-five percent of the population. They consist of people who tend to be fun-loving, optimistic, and realistic. Though they tend to be focused on the here and

With the drastic increase of population, many rural workers were in desperate need of employment, while capitalists from urban settings were looking for workers willing to work for at lower wages, than those set by the urban work laws. As a result of this “relationship”, the rural industry became extremely popular throughout the eighteenth century. This new system became known as the “putting out system”, as the merchant would lend specific materials to rural workers, who would build and return the ultimate product back to the merchant. Although it was popular, it did not spread across Europe at the same time or pace. In addition, the textile industry, the most employed industry, adopted this system as a way to help the management of materials

The economic system faces many complicated demanding situations in keeping its social and monetary project and retaining the capacity to increase the well-being of its population. Social and monetary distortions should be confronted, and time is short. internal factors that preserve to constrain financial increase ought to be triumph over in the quick to medium term. Among them are shortages of hard forex, inflicting customer needs to go unmet. Cuba’s manufacturing specialization should be changed notably, from an economic system based on the exploitation of natural assets to at least one based on the in-depth use of understanding. Cuba’s sturdy potential in understanding-extensive development does no longer via itself assure positive outcomes. The strategic mission is to grow, as different advantages derive from growth. however, new springboards should be found to grow production. Overall performance is declining in sectors and activities such as tourism that have been used to growth manufacturing inside the past. Cuba needs to address a number of daunting challenges. these include expanding and diversifying exports, growing investment stages, terminating the monetary and institutional dualism, developing the precise environment for self-employment and small and medium scale company, and addressing different institutional and coverage problems and information

One of the main features of Ecuador ’s economy is its dependence on only a few key export commodities, most importantly oil and bananas. Oil accounts for approximately 40% of the export economy, while bananas are responsible for about 17%, and Ecuador is the largest producer of bananas in the world. The rest of the economy is mostly based on less important agricultural exports, such as shrimp and flowers, which account for 6% and 4% of exports respectively. Ecuador is almost completely reliant on the success of these few industries, particularly oil, and so has suffered through a cycle of boom and bust economies over the past several decades, since oil was discovered in the 1970s.

Until the early 1800’s, almost all production was often done at people’s homes using basic machines which didn’t help produce a large amount of goods and resulting in a deliberate economy. This is evident in a painting of the (what time) that shows how the industry, at the time, was like with the use of simple machines to manufacture goods at people’s households instead of in factories. Machinery and equipment wasn’t as modern and developed for example the picture shows someone weaving cotton to make yarn which was done on handlooms since no one was able to solve problems of mechanical weaving. Merchants purchased materials and distributed them among workers

Foreign Trade Zones (FTZs) were established by the United States under the Foreign-Trade Zones Act of 1934 and are controlled by FTZ and CBP (Customs and Border Protection) Regulations (U.S. Customs and Border Protection, 2015). FTZs are authorized geographical locations that allow commercial merchandise including both foreign and domestic to be subject to laws as if it were outside the boundaries of U.S. Customs (Hawaii Foreign-Trade Zone No. 9, 2015). Manufacturers, importers, and exporters can hold goods within the zone and also conduct operations. One notable requirement is that FTZs must be near a port of entry. Although the merchandise is on U.S. soil, the products are not subject to U.S. duties, tariffs, and value-added taxes. Normal protocol is for inventory to pass through customs at which payment is due at the time of inspection. As long as the products are within the boundaries of the law, they are not subject to payment during their time in the FTZ.