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Question 1 The emergence of China, India, and the former communist-bloc countries implies that the greater part of the earth's population is now engaged, at

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Question 1 \"The emergence of China, India, and the former communist-bloc countries implies that the greater part of the earth's population is now engaged, at least potentially, in the global economy. There are no historical antecedents for this development. \" (Bernanke, 2006 } This quotation from Federal Reserve Chairman Ben Bernanke at the beginning of the first chapter of your textbook is from a speech that he presented in Jackson Hole, Wyoming, on August 25, 2006, entitled \"Global Economic Integration: What's New and What's Not?\" The full transcript of the speech is available at: https:l/www.federalreserve.govewsevents/speech/bemanke20060825a.htm Read this speech and answer the following questions: (i) List three ways in which international trade today does not differ from the trade that occurred before World War I. ' ' (ii) List three ways in which international trade today does differ from the trade that occurred before World War

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