Economic specialization in the context of Léonard Defrance


Economic specialization in the context of Léonard Defrance

⭐ Core Definition: Economic specialization

The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organisations, and nations are endowed with or acquire specialised capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills. Training and combinations of equipment and other assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively, just as an organisation may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence.

An increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of industrialised processes. The concept and implementation of division of labour has been observed in ancient Sumerian (Mesopotamian) culture, where assignment of jobs in some cities coincided with an increase in trade and economic interdependence. Division of labour generally also increases both producer and individual worker productivity.

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Economic specialization in the context of Strategic alliance

A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations.

The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts. The alliance often involves technology transfer (access to knowledge and expertise), economic specialization, shared expenses and shared risk.

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Economic specialization in the context of History of the Philippines

The history of the Philippines dates from the earliest hominin activity in the archipelago at least by 709,000 years ago. Homo luzonensis, a species of archaic humans, was present on the island of Luzon at least by 134,000 years ago. The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 years. Negrito groups were the first inhabitants to settle in the prehistoric Philippines. These were followed by Austroasiatics, Papuans, and Austronesians. By around 3000 BCE, seafaring Austronesians, who form the majority of the current population, migrated southward from Taiwan.

Scholars generally believe that these ethnic and social groups eventually developed into various settlements or polities with varying degrees of economic specialization, social stratification, and political organization. Some of these settlements (mostly those located on major river deltas) achieved such a scale of social complexity that some scholars believe they should be considered early states. This includes the predecessors of modern-day population centers such as Manila, Tondo, Pangasinan, Cebu, Panay, Bohol, Butuan, Cotabato, Lanao, Zamboanga and Sulu as well as some polities, such as Ma-i, whose possible location is either Mindoro or Laguna. These polities were influenced by Islamic, Indian, and Chinese cultures. Islam arrived from Arabia, while Indian Hindu-Buddhist religion, language, culture, literature and philosophy arrived from the Indian subcontinent . Some polities were Sinified tributary states allied to China. These small maritime states flourished from the 1st millennium. These kingdoms traded with what are now called China, India, Japan, Thailand, Vietnam, and Indonesia. The remainder of the settlements were independent barangays allied with one of the larger states. These small states alternated from being part of or being influenced by larger Asian empires like the Ming dynasty, Majapahit and Brunei or rebelling and waging war against them.

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