Conclusion to Week 4
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Globalization's Winners and Losers: Challenges for Developed and Developing Countries - GeorgetownX - INFX523-01
The Industrial Policy, Unfair Trade Practices, and Trade Deficits section of the course was designed to support you in achieving the following objectives: Describe the impact of trade and foreign direct investment liberalization on the number of jobs in the economy; Identify the causes of balance of payments deficit or surplus; Evaluate the implications of a trade deficit; Examine the role of decline in a country's currency and unfair trade practices in relation to a trade deficit; Explain why the impact of trade and foreign investment liberalization should be evaluated on the basis of the quality of jobs rather than on the number of jobs; Explain the impact of trade expansion on the kinds of jobs in the economy and trade liberalization on wages; Explain the pros and cons of industrial policy, sophisticated industrial policy, and strategic trade policy; By completing this section of the course, you are also moving toward accomplishing the following course-wide goal:Identify the pros and cons of globalization in developed and developing countriesLearning Objective: Identify the causes of trade deficits and surpluses and the impact of industrial policies.Learning Objective: Identify the causes of trade deficits and surpluses and the impact of industrial policies.Learning Objective: Identify the causes of balance of payments, deficit or surplus.Learning Objective: Evaluate the implications of a trade deficit.Learning Objective: Identify ways a country can correct a deficit.Learning Objective: Examine the role of a Decline in a country’s currency and unfair trade practices the following in relation to trade deficit.Learning Objective: Explain the pros and cons of industrial policy, sophisticated industrial policy, strategic trade policy.
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WEEK 4 - Industrial Policy, Unfair Practices, and Trade Deficits
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