The Global Economy in the 21St Century: Week 4

Week 4 Exam: Weeks 1-3

To summarize the results of the first three weeks of studies and to demonstrate a familiarity with and a flexibility of using the most important terms discussed in the sections of the textbook that you have read, please write and submit two essays (each 3-4 pages long) answering the following two questions:

1. What are the major issues associated with globalization in the 21st Century?

Recommended sources:

• Schiller, Bradley. Economics. Core Issues. In "The Global Economy in the 21st Century", McGraw-Hill. 2015, pp. 2-29, 42-56, 58-77.
• Harf, James and Lombardi, Owen. Does Globalization Increase Inequity? In “The Global Economy in the 21st Century" McGraw-Hill. 2015, pp. 78-87.
• Jackson, Robert (Ed). Global Trends 2030: Alternative Worlds. In "The Global Economy in the 21st Century". McGraw-Hill. 2015, pp. 30-41.

1. Is the recent global economic crisis a failure of Capitalism?

Recommended sources:

• Harf, James and Lombardi, Owen. Is the Global Economic Crisis a Failure of Capitalism? In "The Global Economy in the 21st Century". McGraw-Hill. 2015, pp. 91-102.
• Yes: Foster, John Bellamy. A Failed Economic System: The World Crisis of Capitalist Globalization. Monthly Review, March 1, 2010. In Harf, James and Lombardi, Owen. “Taking Sides. Clashing Views on Global Issues”. 8^th edition. McGraw-Hill. 2013, pp. 187-192.
• No: Rodrik, Dani. Coming Soon: Capitalism 3.0. Taipei Times, February 11, 2009, p.9. In Harf, James and Lombardi, Owen. “Taking Sides. Clashing Views on Global Issues”. 8^th edition. McGraw-Hill. 2013, pp. 193-196.

Please consider these sources as recommended, so you are free to use any other source mentioned in the textbook or found by you independently when working on your answers.

Please remember that all submitted posts: essays, discussion forum and journal reflection posts you can use in your Final Research paper. Please save all your posts.

Reading

• Dincer, KAYA Halil. “The Global Crisis and Poverty.” Studies in Business & Economics, vol. 13, no. 3, Dec. 2018, pp. 63–73. EBSCOhost, doi:10.2478/sbe-2018-0035.