Homework 1
Complete the Following Problems and Current Issue: Attach any extra pages to this cover sheet.
Part 1 - Chapter Problems
Chapter 1: Study Questions: 1, 5-7, 10
Net Link: World Bank
(http://www1.worldbank.org/economicpolicy/globalization/)
Based on research by the World Bank, does globalization increase world poverty? Explain.
It doesn’t increase world poverty as a whole. It doesn’t in a few countries where global opportunities and risks have outpaced global policy. It does as low income countries break into global markets and poor people can get better jobs. It doesn’t were countries with about 2 billion people have been left out because of unfavorable geography, weak policies for investors, etc. Chapter 2: Study Questions: 3, 6, 9, 11-14, 16 Net Link: United Auto Workers
(www.uaw.org)
Read the article, Please Don’t Go to Mexico, in the March/April 2004 issue of Solidarity. After reading the article, and based on your understanding of the benefits and costs of free trade, what would you say to console the people of Greenville, Michigan?
I don’t know. I don’t think there is anything going well for them specifically. I could tell them that free trade helps for a healthier and better economy and that it helps prices stay low, but I don’t think that concerns them much. They just want to keep their jobs…
Chapter 3: Study Questions: 2, 3, 5, 7, 9, 10, 13
Net Link: Department of Commerce
(http://www.ita.doc.gov/td/industry/otea/)
Under Trade Data go to Exports, Jobs, and Foreign Investment and answer the following questions about Idaho.
1. What percentage of manufacturing jobs depends on exports?
18.6%
2. How many workers are employed with foreign companies? 13,000
2. What is the largest export market (country)?
Singapore
3. In dollar terms, what is the largest export category?
$1.3B
Part 2 – Excel Assignment
Using Excel, create a pie chart showing the country distribution of products from our
Part 1 - Chapter Problems
Chapter 1: Study Questions: 1, 5-7, 10
Net Link: World Bank
(http://www1.worldbank.org/economicpolicy/globalization/)
Based on research by the World Bank, does globalization increase world poverty? Explain.
It doesn’t increase world poverty as a whole. It doesn’t in a few countries where global opportunities and risks have outpaced global policy. It does as low income countries break into global markets and poor people can get better jobs. It doesn’t were countries with about 2 billion people have been left out because of unfavorable geography, weak policies for investors, etc. Chapter 2: Study Questions: 3, 6, 9, 11-14, 16 Net Link: United Auto Workers
(www.uaw.org)
Read the article, Please Don’t Go to Mexico, in the March/April 2004 issue of Solidarity. After reading the article, and based on your understanding of the benefits and costs of free trade, what would you say to console the people of Greenville, Michigan?
I don’t know. I don’t think there is anything going well for them specifically. I could tell them that free trade helps for a healthier and better economy and that it helps prices stay low, but I don’t think that concerns them much. They just want to keep their jobs…
Chapter 3: Study Questions: 2, 3, 5, 7, 9, 10, 13
Net Link: Department of Commerce
(http://www.ita.doc.gov/td/industry/otea/)
Under Trade Data go to Exports, Jobs, and Foreign Investment and answer the following questions about Idaho.
1. What percentage of manufacturing jobs depends on exports?
18.6%
2. How many workers are employed with foreign companies? 13,000
2. What is the largest export market (country)?
Singapore
3. In dollar terms, what is the largest export category?
$1.3B
Part 2 – Excel Assignment
Using Excel, create a pie chart showing the country distribution of products from our