ECON312N Week 8 Discussion Latest 2020 November

ECON312N Principles of Economics

Week 8 Discussion

International Trade

Resources

Read/review the following resources for this activity:

Textbook: all chapters

Lesson

Minimum of 1 scholarly source (in addition to the textbook)

Initial Post Instructions

Choose one of the following options:

Option 1: Global Trade and the Quality of Life

It has been said that global trade improves the quality of life. Using research, argue either for or against the statement that global trade improves the quality of life.

For the initial post, address the following:

Do you believe that this statement is true? Why or why not?

Are there examples of global trade lessening the quality of life in a particular country or region? Provide details to support your answer.

Does everyone benefit equally from global trade? Why or why not?

Option 2: International Agreements and Organizations

Choose one of the following agreements or organizations to address trading concerns:

The World Trade Organization (WTO)

The International Monetary Fund (IMF)

The World Bank

North American Free Trade Agreement (NAFTA)/United States-Mexico-Canada Agreement (USMCA)

The European Union (EU)

The Asia-Pacific Economic Cooperation (APEC)

For the initial post, address the following questions:

What has this agreement or organization done to promote trade?

What would business be like without this agreement?

What countries are benefiting most from the organization or agreement?

Are any countries hurt by the organization or agreement? Why or why not?

What recommended changes would you provide?

Follow-Up Post Instructions

Respond to at least two peers or one peer and the instructor. Respond to a peer who chose the option you did not choose. Further the dialogue by providing more information and clarification.

Writing Requirements

Minimum of 3 posts (1 initial & 2 follow-up)

Minimum of 2 sources cited (assigned readings/online lessons and an outside scholarly source)

APA format for in-text citations and list of references