Demonstrate a) that you listened to the lecture and b) saw the video in the lecture, and took notes.
Live lecture reflection:
Discuss advantages and disadvantages of global free trade, as opposed to government involvement, regulation, tariffs, direction, support. Provide an example of how government support or lack thereof has helped/hurt American competitiveness vs. China in terms of the electric car video. Briefly discuss how off shore outsourcing leads to lower prices but reduced American national capacity and competitiveness in the electric car/battery industry.
Video lecture reflection:
Write a letter to your niece/nephew explaining why other countries are very poor, and this country is relatively rich. List the various reasons that could explain this, and then discuss what particular explanation the book Why Nations Fail suggests.
Two paragraphs – one paragraph summarizing the lecture and another summarizing the other video.
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