Consequences of International Trade Part 1

INTRODUCTION

Summary: Today we will study the consequences of international trade.

Inquiry Question: Who benefits and who is hurt by international trade?

HOMEWORK DUE TODAY

REQUIRED: Watch, take notes, and do the practice questions for these videos.

• Introduction to NAFTA (4:46)

• NAFTA and Mexican Agriculture (10:05)

• Effects of NAFTA on the Mexican Economy (7:14)

• Maquilladoras (3:37)

• Does Fair Trade Help? (5:49)

• Who Supports Free Trade? (4:15)

• Does Free Trade Help the Environment? (6:22)

OPTIONAL: Listen to this podcast on fair trade.

ASSESSMENTS AND ACTIVITIES

1. Formative assessment.

2. Read this article. Does the fair trade movement do more harm than good?

3. Research the merits of the argument made in the article. Do you agree with the author? In preparing please find one study/article to support your ideas. Link the paper you found and summarize it here.

WORK DUE NEXT CLASS

REQUIRED: Watch, take notes, and do the practice questions for these videos.

• Who gains from FDI? (5:00)

• The Economics of Bollywood (6:32)

• India Retail Competition (5:49)

• Trade and Poverty in India (4:09)

• Development and Trade: Empirical Evidence (14:36)

• The Cultural Diversity Critique (8:55)

• Market Reforms in Bangladesh (3:02)

OPTIONAL: Listen to this podcast with Harvard development economist Dani Rodrik on the effects of free trade.