Summary: Today we will continue our study of trade restrictions.
Inquiry Question: Why do countries use trade restrictions and what is the WTO's role in this issue?
REQUIRED: Watch, take notes, and do the practice questions for these videos. Be prepared for a formative assessment.
Gains from Multinationals (3:09)
Firm Myths (5:59)
Productivity in Firms (3:21)
Intra-firm Trade (3:41)
OPTIONAL: Listen to this podcast on the history of trade or this one on the Smoot-Hawley Tariff and the Great Depression.
Formative assessment. (20 minutes)
Read this article. Do you agree with Krugman? Was he right in 1997?
Flipgrid: Debate on MNC's
WORK DUE NEXT CLASS
REQUIRED: Watch, take notes, and do the practice questions for these videos.
Intra-Industry Trade (13:08)
Unbundling the Supply Chain (13:33)
Optional: Friedrich List (6:27)
Optional: Paul Romer (15:34)
OPTIONAL: Listen to this podcast on the progressive case for trade.