Summary: Today we will discuss the global benefits and costs of China's liberalization.
Inquiry Question: Have the global benefits of China's liberalization outweighed the costs?
Your position paper should be completed and printed out when you come to class.
Discussion: Have the global benefits of China's liberalization outweighed the costs?
Required: Reply to two of your classmates on Flipgrid, agreeing with one and disagreeing with the other.
Optional: Listen to this podcast.
William Bernstein talks with EconTalk host Russ Roberts about the history of trade. Drawing on the insights from his recent book, A Splendid Exchange: How Trade Shaped the World, Bernstein talks about the magic of spices, how trade in sugar explains why Jews ended up in Manhattan, the real political economy of the Boston Tea Party and the demise of the Corn Laws in England. The discussion closes with the political economy of trade today and the interaction between trade and income inequality.