Question
(a):Globalization; The World is Flat It's been over a decade since Friedman wrote The World Is Flat.In reviewing Friedman's 10 changes that shook the world,
(a):Globalization; The World is Flat
It's been over a decade since Friedman wrote "The World Is Flat".In reviewing Friedman's 10 changes that shook the world, which do you personally believe was the most significant for business and which do you believe is the most significant for the government?Do you believe the US stands to benefit or do you think the US will see its position as a world leader reduced because of these changes?
(b): Trade Agreements/Free Trade
Most countries that adopt a free trade market economy experience economic prosperity and overall improvement to daily living standards. Along with the many benefits and advantages however, there are also several negative effects and disadvantages such as dislocation of industries, increased income inequality, degradation of natural resources, unemployment, etc.
Do you think the significant advantages to free trade outweigh the disadvantages? Why or why not? What do you think the US should do to maintain the positive while reducing the negative of free trade?
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