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
beta

Friday, October 30, 2009

Spooky Stock Scandals: Corporate accountablilty in the United States





(Appologies - I thought I posted this Friday but apparently saved the assignmment as a draft instead. The Blog is still due Wednesday 11/4 before class.)

Directions: Readthe articles below (each is less than one page in length.)
AIG is the New Enron
http://features.csmonitor.com/economyrebuild/2009/03/19/aig-is-the-new-enron/
Lessons of Enron
http://www.csmonitor.com/2002/0116/p1s1-usec.html
AND
A Whiter Shade of Enron (AIG)
http://www.nytimes.com/2005/04/03/business/yourmoney/03gret.html

A) Use these articles and any outside resources you chose to summarize the American International Group (AIG ) and ENRON scandals.
B) What happened in both cases that outraged so many Americans?
C) How did these events change the stock market and the American public’s view of corporations?
D) In your opinion, how should corporations be held accountable for “white collar crimes”? What can be done to prevent future scandals like these?
E) What questions do you have about these scandals and how they relate to the US economy?

Minimum 250 words, due Wednesday, November 4 before class.

Saturday, October 10, 2009

Researching and Assessing the Stimulus Package


Researching and assessing the Stimulus Package

In order to facilitate in-depth exploration of the provisions for GDP spending (and, hopefully, economic recovery) outlined President Obama’s 2009 stimulus package, please actively examine the following resources and complete steps 1-4:

1) Article : "This isn't your run of the mill recession"

http://edition.cnn.com/2009/POLITICS/02/09/obama.news.conference/index.html#cnnSTCOther1

2) Breakdown of GDP spending as proposed in the plan (chart):

http://edition.cnn.com/2009/POLITICS/02/09/obama.news.conference/index.html#cnnSTCOther2

3) Read an article regarding ONE of the topics outlined below

Education http://blogs.harvardbusiness.org/on-innovation/2009/02/obamas-education-stimulus-isnt.html And/ or

http://www.eschoolnews.com/news/top-news/?i=57333

Energy and the Environment http://www.latimes.com/business/la-fi-stimulus-green18-2009feb18,0,5194715.story

Transportation and public works http://www.forbes.com/feeds/ap/2009/03/06/ap6135687.html

Taxes ( you only have to read one, but are ENCOURAGED to read both articles)

citizens - http://www.cbsnews.com/stories/2009/02/16/personalfinance/main4804729.shtml?source=RSS&attr=_4804729

OR

businesses- http://online.wsj.com/article/SB123630457644747709.html

Health care - http://www.cjr.org/campaign_desk/what_the_stimulus_package_hold.php

Employment: http://www.cnn.com/2009/POLITICS/03/06/obama.stimulus/

Poverty relief

http://uspoverty.change.org/blog/view/taking_stock_of_obamas_stimulus_package_part_i


4) Share your observations on the Stimulus Package overall and the specific component of GDP spending that you read about in the third source.

* Explain the positive and negative aspects of these plans and provide your insight on what economic reforms would be wise to improve conditions in this aspect of the US economy.

* Is this a keynesan or classical solution to the current economic crisis? Explain your answer.


5) post a discussion question for further exploration in class - we'll be debating these issues later on this week.


Reminder: all work for this MP is due Thursday, October 15. This blog is due Wednesday October 14. Minimum of 250 words.

Sunday, October 4, 2009

Unit 1 Review Sheet: Economic Systems, Theories and Intro to the US Economy


Review for Economics Test #1: Wednesday Oct. 7

You should review all of the following terms and c0ncepts before our in-class review

on Tuesday, 10/6. Know examples of the broader concepts we have convered thus far.


Print the sheet for your own refernece, I will not be distributing it in class.


Market Economy
Command Economy
Traditional Economy
Socialism
Communism
Full command economy
Partial command economy

Commerce clause
Coinage Clause
Export Clause

Article 1, Sections 8, 9, 10
Amendments 1, 4,5, 9, 10, 16, 18, 21

Aggregation

Highly Developed economy
Developed
Developing

Microeconomics
Macroeconomics

Keynesian Economics
Classical Economics

Presidential responses to ecnomic recession: Hoover, FDR, Kennedy, Johnson, Regan Bush Sr., Clinton, GW Bush, Obama’s stimulus approach
Historical US recessions and booms

Macroeconomic Indicators:
Long term economic growth
Business cycles/ fluctuations
Unemployment
Inflation
Microeconomic policy
International economics

Debt
Defecit
Subsidy
Tarrif
Sanctions
Embargo
Hyper inflation
Deflation
Stagnation
Interest
Assets
Commodities

Favorable balance of trade

Trade defecit

Trade surplus

Thursday, September 24, 2009

"We Are All Socialists Now" - or are we? Analyzing Obama's stimulus plan


Actively read the Newsweek article entitled “We are all Socialists Now”

You may also want to use the following timeline for the assignment: (http://www.nydailynews.com/money/useconomytimeline/)

Follow the directions for ONE of the following assessments:

A) Blog:

Summarize the article and at least one additional resource linked to it on Newsweek.com. Discuss the positive and negative aspects of Obama’s economic stimulus plan. To what extent is the government responsible for recovering the economy in a time of recession/decline? In your opinion, how does this stimulus package compare to Washinton’s response to other recessions in US history? Will the stimulus plan work to recover the national economic crisis? Provide evidence to support your response.

OR 

B) Create a Comic Strip/ Visual Timeline/ Power Point/ Poster:
Create a visual comparison highlighting the details of Obama’s stimulus plan to at least TWO other recession recovery programs in US History. Be sure to reflect that you actively read these materials and researched outside sources to include information BEYOND what I provided for you.

Due Tuesday, September 29 before class. E-mail me if you have questions: bridgettefranciscsi@gmail.com)