Summary: Many developing countries, most notably China, have experienced rapid growth over the past three decades as a result of trade liberalization. Engaging in trade and opening their markets to foreign sources of capital has resulted in higher incomes and increased standards of living for the people in these countries. Today we will learn about the ways that free trade generates economic growth.
Inquiry Question: What is the relationship between trade and development?
You should have finished reading the article from last class.
TQE Discussion (formative): You will participate in a short small group discussion (TQE) related to the article you were assigned last class.
Lecture: I will lecture using this slide show. Video links.
We will definitely watch these:
Trade and Variety (10:26)
The Gravity Equation (10:36)
Who gains from FDI? (5:00)
We might watch these:
Required: None
Optional: Watch the first 7 chapters of this documentary (Commanding Heights Episode 3).
Chapter 1: Prologue (0:00:00)
Chapter 2: Global Idea (0:06:15)
Chapter 3: NAFTA : The First Test (0:10:06)
Chapter 4: Crossing Borders (0:15:49)
Chapter 5: The Global Market (0:19:02)
Chapter 6: Emerging Market Hunters (0:22:50)
Chapter 7: Averting a Meltdown: 1994 (0:27:50)