SOCI 181 Lecture Notes - Lecture 19: International Trade, Productive Efficiency, Trade Adjustment Assistance
Document Summary
Link: trade: buying and selling of goods and services across national borders, exports: goods and services produced in us and purchased in some other nation. Imports: produced outside us and purchased here: trade - 1 aspect of globalization, includes, cross-border movement of ppl (migration, money (foreign investment) Jobs (outsourcing: culture, along w/ supranational decision making (united nations, world. Korea, taiwan, hong kong, singapore, china, brazil, botswana, and. Mauritius) relied on exports to rich countries: this matters bc many of poor nations are poorer than least well-off in us, figure 2 - household incomes in us and 3 poorer countries (brazil, china, India: x-axis: country ventile (1-20, y-axis: %ile of world income distribution (1-100, avg income of poorest 5% of amers higher than that of 2/3s of world"s population. Income of ppl in brazil, china, and india lower than poor in us. In theory, trade between poor nation and rich one is beneficial for ppl in poor/rich nation.
