Economics Question assignment 200 words each question

Directions: Answer up to 10 of the following 13 discussion questions based on Pietra Rivoli’s The Travels of a T­Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade. They are worth up to 5 points each.

 

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Your answers should be ~200 words each. Please be as detailed as possible. Proper in-text citations, in APA format, with a reference list are required. Remember, anytime you cite data, include a direct quote, or summarize in your own words an in-text citation is required.

 

 

Format: Typed. Times New Roman, 12 point font, 1 inch margins.

 

 

 

Chapter 3

· Explain the impact of genetically modified cotton on production. What corporation has been a leader in this technological advance? What has been the response from Lubbock cotton growers?

 

Chapter 4

· What has been the primary mission of the Plains Cotton Cooperative Association (PCCA)? What has contributed to the success of the PCCA?

· “According to at least some observers, the definitive source of U.S. cotton farmers’ comparative advantage is their ability to get help from friends in high places.” Explain and support this statement.

· In May 2008, Congress overrode President Bush’s veto of the 2008 Farm Bill, a piece of legislation that would have resulted in considerable reductions in many of the subsidies paid to wealthy, large‐ commodity farmers. Explain subsides and their importance in this market.

 

Chapter 5

· Explain what information “Figure 5.2: U.S. Apparel Prices v. Import Share” reveals.

 

 

 

Chapter 7

· What steps have been taken over the centuries to keep workers, usually women and minorities, from moving from toiling in the fields to low‐skill factory work? What impact does this have on labor (which we know is a factor endowment)?

· What transformation has occurred in the former textile centers of Manchester, England; Charlotte, North Carolina; the state of Alabama; and Osaka, Japan? How has Hong Kong’s apparel industry changed?

· What does the author mean by the phrase “the long race to the bottom?”

 

Chapter 9

· Explain the rules for cotton T‐shirts associated with “preferential treatment status” in free‐trade agreements.

 

Chapter 10

· What is the author’s answer to the following: “How did the United States—as the self‐anointed free trade champion of the universe—end up with such a dauntingly complex and downright silly mass of barriers to the import of T‐shirts?”

 

Chapter 11

· What have been some of the unintended consequences of protecting manufacturing jobs in U.S./Western textile and apparel industries?

· What evidence does the author cite to support Joseph Schumpeter’s theory of creative destruction?

· How did quota allocations help a nation like the Philippines? Since 2004, why have nations that once supported such quota allocations begun to have second thoughts

 

Chapter 12

· How did the 2005 surge in imports of Chinese apparel reflect “politically motivated tactics” rather than “market forces,” according to the author?

 

Chapter 13

· What happens to America’s castoff T‐shirts and how is their plight the first example of a fully functioning free market at work in the story of a T‐shirt’s life from the cotton fields to the Salvation Army bin?

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