What political, social, economic, and military conflicts resulted from the expansion of the Unites States in the early to mid 19th century? How did these conflicts allow the U.S. to grow not only territorially, but also increase the prestige of the nation in the international community?
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- What are some examples of innovative products that have disrupted their industries for the better?what factors does paul krugman identified that suppoerted tha expansion of international trade in 1800?A. Did you follow the still ongoing discussion about free trade in the recent election cycle? Do you thinkthat the USA is tending toward a mercantilist approach and likely to impose restrictions on foreign tradeover the next few years?B. Do you agree or disagree with Adam Smith that we are better off with some form of free trade, thanwould be the case if each country raised or lowered tariffs based on its own economic needs and politicalphilosophy? Provide a logical reason for your answer.Not at all Somewhat Completely1 2 3 4 5 6 7 8 9 10C. Thomas Freedman made the following statement in the “World is Flat”. He maintains that technologymakes it possible to compete with, or collaborate with anyone, anywhere in the world. Globalization, heargued is both inevitable and desirable. The winners says Freedman, will be the countries andcompanies that can respond quickly to change and that the loser will be those who are slow to do so.“Whatever our political and philosophical points of view we…
- 2 Consider the possibility that your state could reach a large trade agreement by making substantial concessions. In the end, the agreement would produce $5 billion in additional wealth for for your state and $10 billion for each of the other participating states. What advice would mercantilist give your state's leader about making such a deal ?How did the U.S. emerge from World War Il as a superpower? O. Although the U.S. entered World War II late, it fought in two theatres, providing it with the largest footprint of any country during the war. And because combat did not occur on U.S. soil (with Pearl Harbor the exception), the U.S. emerged relatively unscathed. Growing tensions with the USSR over postwar borders made cetain that the United States would not retreat into isolationism after the war while the development of the atomic bomb cemented its place as the strongest military power on Earth. O. Because the U.S. entered the war late, it was more refreshed than any other country and was therefore able to engage in a swift and powerful offensive against the Nazis. FDR called for an invasion of Normandy within 6 months of joining the war and within less than a year had pushed Hitler's troops back to the Rhine. When American troops marched into Berlin, the Soviets were still defending Russia. Therefore, the U.S. came…Givenw: (1) two nations (1 and 2) which have the sametechnology but different factor endowments and tastes, (2)two commodities (X and Y) produced under increasingcosts conditions and (3) no transportation costs, tariffs orother obstructions to trade.Prove geometrically that mutually advantageous tradebetween the two nations is possible.Note: Your answer should show the autarky (no-trade) andfree-trade points of production and consumption for eachnation, show gains from trade of each nation and expressthe equilibrium condition that should prevail when trade Stop equilibrum
- a) Suppose the two countries engage in international trade, and that the international relativeprice of good (T) is 3 tons of good (D). Can there be mutually beneficial international tradebetween the two countries? If so, which are the patterns of comparative advantage, ofproduction and consumption, of exports and imports between the two countries? What arethe gains from trade for each country? b)Some companies play up their home-country roots asthey expand internationally, such as the way BMW andMercedes emphasize their German engineering. ShouldH&M promote some aspect of its “Swedishness”? Why orwhy not?In this topic, you are to research globalisation. The business press bombards us with ideas about ‘The shrinkingworld’, ‘the flat world’ and ‘the border-less world’ – all catchphrases to describe the impact of globalisation.But are the (trade) borders really collapsing or are we seeing, post GFC, a resurgence in them? What is behindthe extreme demonstrations against globalisation at G7andWTC conferences?
- Would you consider that imperialism, the policy of extending a country's power ad influence through diplomacy or military force, is similar in any way to globalization, in terms of concepts, driving forces, activities, or net results? What do you think will happen with respect to “globalism” post Covid?Which of the following arguments can be used to correctly defend the WTO’s position on the environment? Check all that apply. Trade liberalization lowers environmental standards. Tough environmental laws will discourage pollution without shutting off exports. Reduced trade barriers shift the production of environmentally intensive or highly polluting products to developing countries.“Trading blocs”/ Regional Integration efforts maybe considered the status quofor international trading under the new WTO “rules” as influenced and driven byglobalization, what are the reasons considered for their necessity/importance?Also what are the factors which act as impediments to the successful implementation ofthese regional areas?