The video can be used in conjunction with title 2

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The video can be used in conjunction with Title 2: Clearing the Airwhich focuses on the issue of global warming. Discussion Questions 1. Ending poverty in Africa was high on the agenda at the G8 meeting. Blair announced an agreement to double existing aid to the region by 2010, yet analysts noted that at least for the U.S., much of the increase was simply a repackaging of existing commitments. Comment on this anomaly. Has the U.S. in fact, signaled commitment to helping Africa, or has it done just the opposite? What are the implications of this for the U.S. in the world economy? 2. Analysts believe that while aid will be helpful to the region, farm subsidy reform will be more important. Suppose the U.S. does eliminate its trade barriers. What does this mean for American producers? 3. There was some concern that while G8 leaders agreed that farm subsidy reform was necessary, when it actually comes down to it, most countries will be reluctant to do away with their trade barriers. Bush stated that when the Europeans eliminated their trade barriers, the U.S. would follow. Consider the politics at work in this arena. How does this exchange fit in with the WTO’s agenda to liberalize trade? 4. A second issue on the agenda at the summit involved greenhouse gas emissions and global warming. Bush steadfastly refused to commit to any significant effort to reduce greenhouse gas emissions claiming that the costs involved would jeopardize the U.S. economy. In your opinion, is Bush being short-sighted in this area? Will it, in fact, cost companies more in the long run to correct the situation? How can other G8 countries make a commitment to a cleaner environment if the costs of doing so are so high?
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globalEDGE™ Exercise Questions Use the globalEDGE™ site { } to complete the following exercises: Exercise 1 Your company is considering exporting its products to Egypt. Yet, management’s current knowledge of this country’s trade policies and barriers is limited. However, before your company’s management decides to export, a more detailed analysis of the political and economic conditions in Egypt is required. In fact, you have heard that the National Trade Estimate Report on Foreign Trade Barriers may be a good place to start. Begin your search and identify Egypt’s current import policies with respect to fundamental issues such as tariffs and restrictions. Prepare an executive summary of your findings. Exercise 2 The number of member nations of the World Trade Organization has increased considerably in recent years. Additionally, some non-member countries have observer status, which requires accession negotiations to begin within five years of attaining this preliminary position. Identify the current total number of WTO members. Also, prepare a list of current observer countries. Do you notice anything in particular about the countries that have observer status?
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