Order Economic Globalization Discussion Assignment

Order Economic Globalization Discussion Assignment
Order Economic Globalization Discussion Assignment
Define free trade. Is trade really free? 178
Contents xiii
What do imports and exports really mean, and how
do the statistics we hear about them affect individual
economies? 180
Isn’t the shift of manufacturing from the United States
to China and India due to “unfair trade”? After all, U.S.
manufacturing technology is just as good as in these
countries, but foreign companies don’t pay U.S. taxes
or U.S. wages. 182
I understand that the United States restricts imports of
sugar. Is that a good or bad policy? 184
When tariffs were removed on television sets, the U.S.
television industry was destroyed by cheap imports.
Doesn’t it follow that removing tariffs on all
commodities would destroy all U.S. industry? 185
Order Economic Globalization Discussion Assignment
How are currency exchange rates determined? Is there
some central body that decides it on a daily basis,
or is it just the reported average of what traders are
doing on any given day? 185
What strengthens or weakens currencies? 187
Why would the U.S. government ever want a weak dollar? 189
What is the International Monetary Fund, and what does
it do? 191
What is the difference between the International Monetary
Fund and the World Bank? 192
Since the world economy seems so connected, should
there be a global economic watchdog that could
intervene when, for example, Chinese or U.S.
economic wrongdoing affects the economy of
Germany, Nigeria, or Singapore? 192
What’s after globalization?
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