Sunday, November 22, 2009

Global Trade Network Assessment : Should we be thankful?


Introduction to Globalization through International Trade

We have defined globalization as the growing trend of interdependence of nations around the world in the areas of communication, technology, diplomacy, and trade. While globalization has been around in some form since the inception of ancient global trade (think the Silk Road and caravans across sub-Saharan Africa during the Golden Age of Islam), the past 20 years have marked a swift expansion in the interdependence of modern nations. The results of this trend has been a rapid expansion of technology and trade worldwide, thus resolving economic and development problems in some regions of the globe, while hindering/ complicating development and progress in others.

This process of integration and “transnationality” in policy and trade has not only had a major impact on how nations around the world do business, but also transformed how nations govern and interact with others. As stated by the Levin Institute on their site entitled Globablization101.org, “ Questions of the authority of a country within its own borders—that is, its state sovereignty—the role of the individual in the international community of nation-states, and the authority of international organizations, have all evolved in light of the forces of globalization.” The extent to which international trade has shaped foreign policy and politics will the the focus of our next two weeks of study and this week’s blog.

A key factor in this increase of globalization has been the emergence of trade organizations and associations aiming to limit trade barriers between nations sharing common borders and economic interests. The North American Free Trade Agreement (NAFTA) and European Union (EU) have probably been the most influential of these non-governmental organizations (NGOs.) Please select ONE of these collaborations to study and complete the assignment below to better understand how their existence shapes both domestic and international economic policy and development.

I - NAFTA: (select ONE topic)

Topic 1: Immigration and Migration Policy:
http://borderbattles.ssrc.org/Portes/

Read the Introductory page and ONE of the articles linked on the left of the site’s homepage.

Topic 2: Outsourcing and Labor Issues:

http://www.pbs.org/now/politics/outsourcedebate.html

Read the homepage and ONE of the hyperlinks on the NOW PBS page related to this issue

OR

II - EU:
http://news.bbc.co.uk/2/hi/europe/country_profiles/3498746.stm

AND
ONE of the following topics:

Topic 1: Minority Rights:
http://www.electric-review.com/archives/000085.html

Topic 2: Gas Crisis/ Resource Management:
http://news.bbc.co.uk/2/hi/7809450.stm

Topic 3: Immigration:
http://www.oecdobserver.org/news/fullstory.php/aid/337/

Topic 4: General Problems:
http://www.economicshelp.org/2007/03/economic-problems-of-european-union.html


Directions: Summarize the articles you read by –


a)explaining the purposes of the EU or NAFTA

b)Identify some positive and negative implications (effects) of this trade alliance in the modern world. Reference both domestic and international successes and complications that were referenced in your article

c)Elaborate with some depth one problem raised in your articles. Who seems to be benefitting most from this alliance? What region/ group seems to suffering the most hardship? To what extent can this problem be resolved? What will it take for this issue to be resolved?

d)Explain wether you believe residents of EU nations or NAFTA nations should be greatful/ thankful for the trade network they belong to.

e)Pose a question about this topic OR comment on one peer’s question or post (unless you post first, then it’s a freebie!)

This is a sophisticated assignment, so take your time and see me if you need help. The assignment is due in person by Wed. 11/ 25 or must be emailed or posted on the blog by Friday, 11/27.

HAPPY THANKSGIVING!

Saturday, November 14, 2009

Enron: The Smartest or Shadiest Guys in the Room?


Directions: Using your film analysis worksheet from "Enron: The Smartest Guys in the Room" and the other sources that have been distributed on this topic, complete a persuasive blog of no fewer than 250 words on the question below:

Were the business practices of Enron and it’s World Com subsidies mainly a result of poor regulation in the national economy OR an intentional case of “white collar” deceit and greed?

The entire film is available for viewing free here

If that link doesn't work, copy and paste the link into your browser http://www.videosift.com/video/Enron-The-Smartest-Guys-in-the-Room or Google search for "enron the smartest guys in the room video" - it will be the first link that comes up (videoswift.com)

This blog is due before class begins on Tuesday, November 17. As a reminder, the end of the marking period is 11/25. We will have one more blog before then. Because we missed a lot of class this grading period, the FOUR blogs assigned for second marking period must be completed - no freebie.

For EXTRA CREDIT, you may additionaly write a one page (300 word, typed) film synopsis OR poster of one of the following films:
Enron:The Smartest Guys in the Room, The Corporation, (2005), Boiler Room (2000- I own this one, you may borrow it), Wall Street (1987), or Capitalism: A Love Story (2009 - still in theatres.)

I have included links to the films on Independent Movie Data Base, but you can watch most of them through netflix (if your family has an account) or Amazon Online on Demand for less than $4. If you're having trouble finding any of them, let me know and I'll try to help.

Your extra credit paper or poster should include a summary of the plot, how it relates to concepts we have covered in class and explain wether or not you would reccomend it to peers.

Sunday, November 8, 2009

Stocks and Constovesies Review Terms


Reviewing the following terms should be useful in preparing for Tuesday's Exam:

Types of Stock:
growth
income
blue chip
value
cyclical
countercyclical
speculative
common stocks
preferred stocks

NYSE
American Stock Exchange
Dow Jones
S & P 500
NASDAQ
bull and bear market
dividend
P/E Ratio
volume
market cap
bid
ask
share
shareholder
ENRON
commodities
audit
Arthur Andersen
pension
loophole
subsidy


Additionally, review the positive and negative aspects of the Big Three Automakers bailout, congressional insider trading and universal health care in the US
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