Economics Globalization 011
Book:
The World is Flat, Thomas L. Friedman, ISBN 9780312425074
Assignment 2
A. Please review Trade and Growth PowerPoint posted under Modules/Week 2 and answer the following questions:
Please rewrite the question first (copy/paste) and then provide an answer. 5-10 sentences each answer.
1. What are the major strategies for economic development?
Answer:
2. What is the Dutch disease?
Answer:
3. What are the features of U.S. MNCs?
Answer:
4. What is the difference between brain drain and brawn drain?
Answer:
5. What are the types of technological change?
Answer:
B. Topic: In recent years coffee consumers may have noticed more and more cafes are offering “fair trade” coffee as an option. Usually, for an extra 10 or 20 cents per cup, you can get a beverage made from
beans that were grown by farmers earning living wages and working in safe and sustainable environments. In some cases, “fair trade” coffee is of higher standards, representing a higher quality product. The
premium paid by consumers, in theory, will eventually result in better standards of living for coffee farmers and their families. Mike Munger, chair of Duke University’s economics department, argues that “fair
trade” products, while they may represent good intentions, probably don’t do much to help poor farmers.
Do you agree? Disagree?
Optional: Munger’s argument’s podcast link: https://welkerswikinomics.com/blog/wp-content/uploads/mungeronfairtrade.mp3
Please write your answer 15-25 sentences.
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