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Questions on rebalancing globalization

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Reference no: EM132633543

Questions on Rebalancing Globalization, by Dani Rodrik

1. Dani Rodrik states: "Differential mobility of factors of production produces a wide range of distribution effects that advantage capital and disadvantage labor." Discuss this statement in the context of President Trump's policy towards NAFTA and China?

2. What do you think the US should have done when it opened its economy to imports from China, Mexico and other low-income countries to compensate dislocated workers in the USA?

3. "While national economies are linked in a variety of ways, the world economy is not a global commons and therefore does not need global governance in order to be managed effectively ......most failures in the world economy are rooted in failures of domestic governance (e.g., Great Depression, Financial crisis in 2008, Crisis in Venezuvela, etc). Therefore, the best fix for the global economy is better domestic governance." Discuss in the context of the present Pandemic?

4. What are your thoughts on the idea of rebalancing policies towards global economic integration in 3 areas? Why those three areas are critical?

Additional references:

Chapter 1 Globalization

Chapter 7 Government Policy and International Trade

Reference no: EM132633543

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