https://www.youtube.com/watch?v=cZ7LzE3u7Bw

https://www.usnews.com/news/articles/2017-05-08/globalization-boosted-income-inequality-study-says

https://www.youtube.com/watch?v=yhmv5haDRAo&t=1s

https://www.youtube.com/watch?v=JgngXHClWxE

Assignment 6

Please read Chapter 7: Policy Questions and answer the following questions:

1.Explain why monetary policy is likely to be totally ineffective in the case of fixed exchange rates while fiscal policy is ineffective when exchange rates float freely.

2. Could it be said that in the face of globalization MNCs are in a better position to dictate national economic policies than the policymakers themselves? Explain.

3. When it comes to addressing economic volatility is it better to have a fixed or floating currency in international exchange? Compare the merits of each.

4. What is the difference between multilateralism and regionalism? Does globalization invariably promote multilateralism? Why or why not?

5. Instead of steering the global economy away from trouble, supra-national bodies such as the IMF and the World Bank often deepen economic crises once they strike. Do you agree? Why or why not?

6. Given what we have seen here could we say that the popular slogan of "think global and act local" does not quite work when it comes to the economic security of lives and livelihoods at the local level? Explain.

7. What are NGOs? What explains their growing popularity in recent years?

8. Name a few risks posed by globalization to national welfare. Doe globalization have built-in mechanisms to address these risks? Why or why not?

9. Explain why globalization makes it so difficult for policymakers to manage their domestic economies.

10. What possible backlash could we anticipate against globalization in the near future? What could be the outcome?