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Fundamentals of Economics , Third Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises And Solutions
Chapter 18: Globalization


1. The Controversy over the WTO
One of the most controversial global institutions is the World Trade Organization. Visit the WTO website at http://www.wto.org/ and find the list of 10 benefits of the WTO trading system. Then visit the Global Exchange website at http://www.globalexchange.org/ and find its list of the Top 10 Reasons to Oppose the World Trade Organization.

  1. List five arguments that support and five that oppose the WTO.



2. Globalization and Sweatshop Labor
Read "In Praise of Cheap Labor" by Paul Krugman at http://slate.msn.com/default.aspx?id=1918.

  1. Does Krugman believe that the purchase of foreign "sweatshop" products by U.S. manufacturers is an adverse effect of globalization? Explain.

  2. According to this article, what happened to the average per capita daily calorie consumption of Indonesian residents between 1970 and the late 1990s?





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