Summary: Today we will learn about the economic the strategies that countries can use to promote economic growth and development.
Inquiry Question: Which strategies work best to promote economic growth and development?
Listen to this podcast. Focus on this question as you listen: Why are poor people poor and what is the best way to study that problem?
Formative Assessment: You will have an assessment at the beginning of class. There will be three questions. I will use this rubric to assess your work.
Question #1 will be from my lecture (content knowledge).
Question #2 will be based on the podcast you listened to for homework (critical thinking).
Question #3 will require you to transfer what you've learned to a new problem (creativity).
Lecture: Growth and Development Strategies
Listen to this podcast. Focus on this question as you listen: Is trade with China good or bad for the United States on balance?
Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about Chinese exchange rate policy and the claim that China keeps the value of its currency artificially low in order to boost exports to the United States and reduce U.S. exports. Boudreaux argues that regardless of whether China is manipulating its currency, inexpensive Chinese imports are generally good for the United States. He also points out that manufacturing output in the United States has been thriving despite claims that the United States is being "hollowed out." The conversation also includes a discussion of whether Chinese holdings of U.S. Treasuries threaten the United States.