Subject: GLOBAL ECONOMICS

Help with answering the following homework questions:

1. What are the major issues associated with globalization in the 21st Century?

• Recommended sources:
• Schiller, Bradley. The Micro Economy Today.15th edition. McGraw-Hill. 2019, pp. 2-43, 793-506 (T/R pp. 2-44, 45-65).
• Harf, James, Harf, Marie, and Lombardi, Owen."Taking Sides. Clashing Views on Global Issues". 7th edition. McGraw-Hill. 2019, pp. 8-11 (T/R pp. 295-302)

1. Are there limits to Economic Growth?

• Recommended sources:
• Are There Limits to Growth?In Easton,Thomas. Taking Sides. Clashing Views on Environmental Issues.17th edition, McGraw-Hill. 2018, pp. 37-51
• Yes. Turner, Graham M. On the Clasp of Global Collapse? Updated Comparison of the Limits to Growth with Historical Data. Ecological Perspectives for Science and Society, vol.21, no. 2, 2012, pp.116-124.
• No. Bailey, Ronald. The Limits of the Limits to Growth: Contemplating 1972 Predictions of Environmental Doom, Just in Time for Earth Day. Reason Magazine, April 18, 2012.
• Guell, Robert C. Issues in Economics Today. 8th edition. McGraw-Hill. 2018.Chapter 20. Economic Growth and Development, pp. 231-237.T/R pp. 81-88.
• Guell, Robert C. Issues in Economics Today. 8th edition. McGraw-Hill. 2018.Chapter 15. Is Economic Stagnation the New Normal, pp. 186-192.

Please consider these sources as recommended, so you are free to use any other source mentioned in the textbook or found by you independently when you will work on your answers.

• Summarize the general trends of globalization andmajor issues associated with globalization.
• Understand the existence of different scenarios andthe conflicting perspectives in solution of these issues.
• Understand how the economizing problem on the global scale generate multiple sectoral problems for the global economy.
• Understand that in the modern mixed economy the role for the government is rather increasing than decreasing.
• Learn about the U.S. economy as a part of the global economy.