International Trade and the Firm (Part 2)

INTRODUCTION

Summary: Today we will continue our study of the firm in regard to trade.

Inquiry Question: What role do firms play in globalization?

HOMEWORK DUE TODAY

• REQUIRED: Watch, take notes, and do the practice questions for these videos. Be prepared for a formative assessment.

  • Intra-Industry Trade (13:08)

  • Unbundling the Supply Chain (13:33)

  • Robert Torrens and Sliding Tariffs (4:36)

  • South Korea and Industrial Policy (6:50)

  • The Deindustrialization of India (4:45)

  • Optional: Friedrich List (6:27)

  • Optional: Paul Romer (15:34)

OPTIONAL: Listen to this podcast on the progressive case for trade.

ASSESSMENTS AND ACTIVITIES

1. Formative assessment.

2. Watch one of the FlipGrid presentations of one of your classmates from last class. You must choose someone who was not your partner and did a different country. In preparing please find one study/article to support your ideas. Link the paper you found and summarize it here.

3. Reply to your classmate's Flipgrid using only the article that you read as a source of evidence.

WORK DUE NEXT CLASS

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

• Specific Factors Model (4:06)

• Factor Price Equalization (5:26)

• The Heckscher-Ohlin Theorem (8:02)

• Why did Trade Plummet in the Great Recession? (4:06)

• What is at stake in trade theories? (4:39)

OPTIONAL: Watch chapters 8-17 of Commanding Heights Episode 3.