ECO 100 WEEK 8 DISCUSSION
“Globalization in Your Life”
Tariffs on steel and aluminum are proposed to be set at 25% for steel and 10% for aluminum.
Watch the video Tariffs and Protectionism to prepare for this week’s discussion.
Reply to these questions in your post:
• Who do you think will ultimately pay these tariffs? Explain your answer.
• Describe a good or service you use that has been impacted by trade or globalization. What are some advantages and/or disadvantages you have experienced?
Discuss globalization with your peers:
o Reply to a peer and discuss their experience with trade or globalization. Was your peer’s experience like yours? Did you learn something new from reading your peer’s reply?
o
Please note your children or grandchildren may enjoy and learn from these videos!- especially this mind blowing fascinating video 0n large container ship for world commerce https://www.youtube.com/watch?v=wgHqzv-Pxss
It was the Maersk ship Maersk Alabama that was highjacked by pirates, and which story was made into movie Captain Phillips with Tom Hanks. I do recommend this movie. Trailer for movie https://www.youtube.com/watch?v=_3ASoBrFGlc
Arctic sea lanes opening to world commerce because of global warming – transportation costs cheaper for shorter routes http://www.youtube.com/watch?v=pPwJAgAaLvo Putin/Russia plants Russian flag on floor of North Pole claiming it and all its riches for Russia! (like Columbus in the New World!) https://www.youtube.com/watch?v=YujsRuN3PK8
NOTE: THREE DIFFERENT ANSWER POSTED CHOOSE ANYONE
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