ILRIC 235 Essay Questions - ILRIC 235 Essay Questions...

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ILRIC 235 Essay Questions 1870-1914: Winner/Loser Why Great Britain (Winner) - During depression remained without tariffs while other countries reinstated theirs - Gold standard made pound extremely powerful, everyone based their exchange rate to gold on the pound/gold ratio - Reduced exchange risks, more international investment, better loans from foreign governments - Able to invest in countries abundant in foreign resources - Controlled the currency - Laborers in Europe (winners) - The more open a country was, the more likely they were to have labor reforms o Between 1870 and 1910, wages go up on average 1.61 times US and Japan had no reform at all
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- Congolese People (Loser) - Belonged to King Leopold, not to the country of Belgium - 1885-1908 - Families were held as hostages, starving to death if the men failed to produce enough wild rubber. Children's hands were chopped off as punishment for late deliveries. - Private fiefdom - Killed approximately 10 million people - Leopold forced those in the Congo to get rubber and use it to advance his personal wealth - Farmers in the US (Loser) - Hurt during bad times, prices remain the same even when there was less - Government had to operate with prudent fiscal and monetary policies - Had to put the global economy before their own - Prices were seriously deflated, needed to make them better - Countries couldn’t devalue currency on the gold standard, the wild prices of acgriculturs could hurt the farmers a lot - Countries that weren’t on the gold standard were able to value their currency and help the famers - Caused the US to have an extremely split economy Borrower Nations - 1970- Present Winner/Loser Why India (winner) - Average wages at call centers are above average for Indian Wages - Helps develop the economy of India - Helps to create infrastructure which is good for the country - Increases the incentives for people to get a better education Doctors and nurses (winner) - Highly desired jobs - Huge shortage worldwide - Compare to low wage workers Multinational - Biggest winners Consumers (losers) - No transparency in outsourced work - Products manufactured in other countries may prove to be
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hazardous to ones health - No consumer choice- lack of information; may be trying to avoid buying products from a specific country - Can’t be certain that medical practices are the same - Aren’t as certain that private information is kept securely- - Contradict—while cheaper goods - Need consumer responsibility US Workers (loser) - Job loss approximately 3-10 million jobs - Communities have been destroyed because factories have been
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ILRIC 235 Essay Questions - ILRIC 235 Essay Questions...

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