9class.+Ricardo+and+Specific+Factors

9class.+Ricardo+and+Specific+Factors - INTA 1200American...

Info iconThis preview shows pages 1–17. Sign up to view the full content.

View Full Document Right Arrow Icon
1 International Political Economy: Trade TODAY Comparative Advantage (Ricardo) Specific Factors (Ricardo-Viner) INTA 1200—American Government
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Seattle 1999 WTO Meeting
Background image of page 2
3 Seattle 1999 WTO Meeting
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Seattle 1999 WTO Meeting
Background image of page 4
5 Seattle 1999 WTO Meeting
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 Seattle 1999 WTO Meeting
Background image of page 6
7 Seattle 1999 WTO Meeting
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8
Background image of page 8
9 ► US Revolution ► War of 1812 ► Civil War ► US industrialization ► Great Depression ► World War II ► Post-war surge in democracy, freedom, wealth, prosperity, peace ► China recent economic boom…and massive US debt to China ► First Iraq War and 9/11 Trade played a *major* role in:
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
10 David Ricardo (1817) Theory of Comparative Advantage -everybody wins in free trade -govts should stay out! Conventional Wisdom : Mercantilism (1600s-???) -trade is a zero-sum game -govt must intervene to protect national economic security! The Great Trade Debate
Background image of page 10
11 Beer (daily output) Pizza (daily output) Kimery 6 3 Brad 4 8
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
12 Beer Pizza No Trade (1/2 day on each product) Kimery 6 3 3 beer 1.5 pizza Brad 4 8 2 beer 4 pizza
Background image of page 12
13 Beer Pizza No Trade (1/2 day each) Kimery 6 3 3 beer 1.5 pizza Brad 4 8 2 beer 4 pizza World 5 b 5.5p
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
14 Beer Pizza No Trade (1/2 day each) With Trade Kimery 6 3 3 beer 1.5 pizza 6 beer Brad 4 8 2 beer 4 pizza 8 pizza World 5 b 5.5p 6 b 8 p
Background image of page 14
15 Beer Pizza No Trade (1/2 day each) With Trade Kimery 20 10 10 beer 5 pizza 20 beer Brad 4 8 2 beer 4 pizza 8 pizza World 12 b 9 p 20 b 8 p
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
So then why do you get this so often…?
Background image of page 16
Image of page 17
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/16/2012 for the course INTA 1200 taught by Professor Birchfield during the Spring '08 term at Georgia Tech.

Page1 / 34

9class.+Ricardo+and+Specific+Factors - INTA 1200American...

This preview shows document pages 1 - 17. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online