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 replied to two of your classmates on Flipgrid, agreeing with one and disagreeing with the other.
Lecture: Lecture on the relationship between economic growth and trade. We will watch these videos. I will explain and answer questions.
Read: Will the Coronavirus End Globalization as We Know It? Make at least two annotations using hypothes.is. One should be an annotation that relates to today's inquiry question. The other should be a link to an article that relates to a passage in the reading.
Required: Finish the reading and annotations if you did not complete that in class.
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)