While referring to the "EYE on YOUR LIFE" section on page 235 of the textbook, and the economic concepts you have accumulated during our course, consider the trade policies that serve our self-interests and what best serves the global social interests. For example, as U.S. consumers we are the winners in globalization, which has brought iPods, Wii games, Nike shoes, and a wide range of other products to our stores. However, the big losers of globalization include the U.S. textile workers and furniture makers whose jobs disappeared overseas and the African farmers whose crops were blocked by trade restrictions and subsidies in the United States and Europe.
After establishing your own proposed trade policy pertaining to global social interests and responsibilities, post and discuss your proposals. Include your recommendations regarding our responsibilities, if any, towards the winners and losers of globalization. Include our gains and losses from imports and exports in your proposal and address any additional costs which we, as consumers, may need to pay due to your proposals. Are your proposals worth the trade-off? Justify your proposals and respond to the proposals from your classmates.