Assignment task:
Please watch this video - less than 20 minutes:
TedTalk Video: The global power shift
1) After watching this video, reflect on some of the world events, such as: China building islands in the South China Sea, the Ukraine/Russia issues, ISIS in the Middle East. This video relates somewhat to the previous video by Moyo in week 1. She discussed market economy while Paddy focuses his discussion on power and political influence.
Then offer your opinions on how you think the some of the changing power shifts may in the future or may have already had an effect on international trade. Maybe with your home country or the U.S
2) YouTube Video: Environmental Kuznets Curve (EKC) I A Level and IB Economics
Questions:
A.) What is the main critique against the World Trade Organization (WTO) with respect to environmental protection? Please offer some specific examples here.
B.) How does the WTO justify its position on trade disputes that involve environmental issues?
C.) "The fundamental problem with any attempt to limit climate change is that the countries whose growth poses the greatest threat to the planet are also the countries that can least afford to pay the price of environmental activism." Explain in terms of the environmental Kuznets curve.