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OpenStax College. (2014). Principles of Macroeconomics. Rice University.- this ebook is available in print, pdf, web view, and bookshare versions from the OpenStax College site. The assigned readings for this unit are linked below to the web view version for your convenience.
Articles, Websites, and Videos:
Here’s a view/blog regarding the state of the US economy as a result of Globalism.
- Snyder, M. (2011, July 13). How globalism has destroyed our jobs, business and national wealth in 10 easy steps. End Of The American Dream [blog].
The following two sites look at world income distribution and provide a comparison over time.
- Organization for Economic Co-operation and Development
- World Economic Outlook: Globalization and Inequality. (2007, October). International Monetary Fund.
Data for the U.S. are also available from the Census Bureau. Search for income distribution.
From the Heritage Foundation, a conservative think tank, there are two articles that address the impact of tax changes.
- Foster, J. D. (2007, September 26). Taxpayers beware: Record tax burden is rising. The Heritage Foundation [webmemo #1639 on Federal Budget].
- Moore, N. (2007, September 28). Increasing the national debt limit should spur Congress to tackle entitlements. The Heritage Foundation [webmemo #1648 on Federal Budget].
The following resources may be helpful to you in learning more about the topics you will need to research for the assignment due this week.
- Worker Rights Consortium
- Fair Labor Association
- Unite Here
- Business for Social Responsibility
- National Center for Policy Analysis
- Kristof, N. D., & Wudunn, S. (2000, September 24). Two cheers for sweatshops. New York Times Magazine.
- Vickery, T. (2001, April 30). Who’s watching the shop floor? Christian Science Monitor, 93(108), 11.
- Mishea, P., & Topalova, P. (2007). How does globalization affect developing countries? International Monetary Fund Research Bulletin, 8(3).
- World Trade Organization
- Bhagwati, J., & Srinivasan, T. N. (2002). Trade and Poverty in the Poor Countries. The American Economic Review, (2). 180.
- University of Wisconsin-Madison (2001). Sweatshops.
Free Trade: The Great Prosperity Machine
User: Atlas Network – Added:6/8/10
*First Place* 2012 AP Econ Videos- You Can’t Protect This
User: ACDCLeadership –Added: 3/17/12
|This video clip, “The Great Prosperity Machine,” illustrates the concept that free trade is like “a machine that allows for more efficient use of resources.” With trade, countries end up consuming more output than by being self-sufficient. Free trade creates mutual benefits. Moreover, “turning cheap goods into expensive goods” helps countries consume the goods that they really want.||This video highlights protectionism through various forms of barriers to trade.|
This site provides numerous resources regarding Protectionism in the global environment.
- The Economic Times. (2015). Protectionism.
The New York Times offers a great chronology and articles regarding current international trade issues.
- New York Times. (2015). International Trade and World Market (Trade Disputes), Chronology of Coverage.
Numerous articles to help you understand globalism in a current, real world environment.
- Huffington Post. (2015). Globalism.
Use these sites to help augment any research you may need for this week’s subjects. It may be helpful to add a bookmark for each site in your internet browser.
- The Brookings Institution
- The Economist- Economics
- Forbes- Economics & Finance
- Bloomberg View- Economics
- The White House Administration, Council of Economic Advisors
- World Economic Forum
- The Heritage Foundation
International Labor Rights
U.S. imports of manufactured goods have increased in recent years raising questions about the
conditions of workers producing those goods. For this week’s assignment, respond to the
following key questions.
Key questions: 1. First, provide a brief (one paragraph) overview of this week’s material. 2. Discuss whether or not workers are exploited in manufacturing of US imports. In your
response consider whether they are better off in that type of job or an alternative. Provide a
rationale. 3. Examine whether or not US consumers should boycott or increase in the purchase of these
goods and the effects that boycott or increase in purchase would have on the workers. 4. Should standards be set for work rules in other countries? Or, should work rules be left to the
political system in a particular country? 5. If work rules are set, who should set them and how should they be enforced?
Your final product will be a paper that: Addresses each of the topic/questions above in total. Is APA fortatted. The body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week’s materials.
must be own words.