ProblemSet8bANSWERS

ProblemSet8bANSWERS - UBGA 118 International Trade Fall...

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UBGA 118: International Trade Fall 2008 Problem Set #8b ANSWERS (Due Thursday, November 13, 2008) 1. Article Analysis: Read this article and answer the following questions. Elizabeth Becker, "Textile Quotas to End, Punishing Carolina Towns". The New York Times , Tuesday, November 2, 2004. The URL is: a. Both globally and domestically, who are the winners and losers from the end of textile quotas? Much of the article is devoted to the distributional effects of the end of the quotas, so there are many clues here. American textile workers and manufacturers, especially those in North Carolina, stand to lose. Consumers and retailers in the U.S. are expected to save an estimated $6 billion, which is a substantial gain. Globally, the big winners look to be the largest developing countries, including China, India, Pakistan, and Brazil. The article also suggests that many of the poorest countries in the world will be losers, like Cambodia and Bangladesh. b.
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This note was uploaded on 07/31/2009 for the course ECON 181 taught by Professor Kasa during the Spring '07 term at Berkeley.

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ProblemSet8bANSWERS - UBGA 118 International Trade Fall...

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