Concepts of globalization

Assignment Help Microeconomics

Reference no: EM133207569 , Length: 2 Pages

Essay

In Chapter of The Globalization Paradox, Rodrik points out that free trade is no natural process, but does have some good arguments. How did Henry Martyn, in 1701 argue that free trade would bring great benefits? Today, there is widespread apprehension about free trade. Rodrik points out that even when tath free trade, there are also some who lose. Which groups tend to gain and which groups tend to lose from free trade? In the U.S. today, what does Rodrik think the redistribution effects of more free trade would be like? Explain.

Research

1. Define the following concepts of globalization: hyper-globalism, moderate globalism and internationalism. What is unique in each view(how do they differ)?

2. What were the Corn Laws in England? Why was it important that the Corn Laws were repealed?

Readings:

1. Globalization of the Economy

By Jeffrey A. Frankel

2. Globalization

By Tom Larson

Reference no: EM133207569

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