International Economics ECON-UA 238.004 New York University, Fall 2011 by Arhan Ertan Optional HW Due: December 16, in recitation session. Please answer 5 out of the following 6 questions. 1. Refer to Chapter 3 of Krugman’s “Pop Internationalism” for this question: Why have the real wages of blue-collar workers fallen in US since 1970s? Discuss the relative roles of global competition and domestic reasons and technology? 2. Refer to Chapter 4 of Irwin’s “Free Trade under Fire” for this question: In US, how does free trade affect the level of unemployment (overall and of those employed in the manufacturing sector and the wages)? What about the effect of ‘off-shoring’? And the effect of ‘trade deficit’? 3. Refer to Chapter 4 of Krugman’s “Pop Internationalism” for this question: Does third world growth hurt first world prosperity? Explain your view. 4. Refer to Chapter 6 of Irwin’s “Free Trade under Fire” for this question: a) In developing countries, corruption, civil conflict, excessive regulation and other
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