examining some of the more specific socioeconomic challenges facing the United States today. These include (1) the decline of American manufacturing and the related problems posed by the outsourcing of jobs and the growing U. S. trade deficit; (2) business’s obsession with short-term results; and (3) changing attitudes toward work.
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examining some of the more specific socioeconomic challenges facing the United States today. These include (1) the decline of American manufacturing and the related problems posed by the outsourcing of jobs and the growing U. S.
Which of these challenges do you think is the most pressing and significant? What other challenges do you think face the United States today?
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- Background Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy. You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI). You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialisation and how it can affect Ghana. What role does learning by doing play and when does it make sense for the government to interfere?Background Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy. You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI). You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. QUESTION B.3 Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to help her explain the benefits of trade with a diagram. Please draw this diagram and explain its intuition. QUESTION B.4…Background Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy. You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI). You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. QUESTION B.4 The Minister for Labour, John Ring, argues that closing the country's borders to international trade will create employment. Use a diagram to explain this scenario.
- What are two changes related to the new economy and the world of work that you think are needed and that you'd like to see addressed within the next 10 years? Why do you think these are necessary?It's Thanksgiving break and you're looking forward to seeing your family. One problem - your phone died, and you can't remember if you're supposed to go home or if your family is coming to Knoxville. You know that you can both choose to Stay Home or to Travel, and everyone is happiest when you and your family end up in the same place. Everyone is least happy when you both travel and don't see each other. Shown below is your payoff matrix (payoffs are You, Family and higher numbers are better). O 0,0 O 100, 100 YOU O-10, -10 FAMILY STAY HOME 0, 0 100, 100 Using dominant strategies, what is the Nash equilibrium payoff? TRAVEL STAY HOME TRAVEL 100, 100-10, -10 O Neither me nor my family have a dominant strategyINTERNATIONAL TRADE Background Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy. You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialisation (ISI). You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. QUESTION The parliament of Ghana is debating whether import substitution should take the form of quotas or tariffs. You are asked to brief them on the difference between the two. A representative from Ghana's…
- INTERNATIONAL TRADE Background Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy. You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialisation (ISI). You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. QUESTION After a meeting with Ghana’s president you learn that the government is also interested in repatriating migrants that went to European countries to study engineering a decade ago. Explain how this is…1. Do you think Metro Manila qualifies as a global city? 2. What do you think are the problems that Metro Manila is currently facing? 3. What do you think attracts Filipinos to migrate to Metro Manila?What global forces are affecting the U.S. economy?What consequences are they having? How might theyaffect your own life?
- VALUES & ATTITUDES PERSONAL COMMUNICATION CULTURE MANNERS & CUSTOMS EDUCATION SOCIAL STRUCTURE PHYSCIAL & MATERIAL ENVIRONMENTS RELIGION AESTHETICSOur economy is based on using resources. We sell resources and use resources to manufacture and transport products. We use resources to run businesses and in our everyday lives. Is this good for the environment? Why do companies sometimes do things that are not good for the environment?As you build the plan for your business and gather more information, your thoughts on the challenges will develop as well. After listening to Alexander Betts talk about BREXIT, consider the issues with globalization he describes. Determine whether you think your business will face similar challenges. How will you deal with the globalization issues described in this week's content? Identify some strategies for navigating these issues.
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