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Terms and Questions for Travels of a T-shirt Define each term then answer the follow up questions. Virtuous circle: According to Merriam Webster dictionary:a chain
Terms and Questions for Travels of a T-shirt
Define each term then answer the follow up questions.
- Virtuous circle: According to Merriam Webster dictionary:a chain of events in which one desirable occurrence leads to another which further promotes the first occurrence and so on resulting in a continuous process of improvement
- Who are the members of the virtuous circle of Texas cotton growers?
- Moral failure
- How does Tivoli use this term in her book?
- What moral failures have been experienced in different countries throughout the cotton industry?
- Subsidies
- What all are the types of subsidies that the US provides for cotton?
- What about China?
- Great Divergence
- Why did England start leaping ahead of China in production?
- Industrial Revolution
- When did in England, the US, India, Japan, the Asian Tigers, and China first start their industrial revolution and why?
- Asian Tigers
- How did they come to be known as the Asian Tigers? What fueled their development?
- Cotton mills
- What countries spun the most cotton cloth from the 1700s to today? In what decades did dominance shift?
- Laborers
- Who were the mill workers in each country?
- Why did they want to work at the mills?
- Labor protections
- What has been the history of mill worker labor protections in England, the US, India, Japan, the Asian Tigers, and China?
- Supply and demand
- How has supply & demand impacted the cotton industry over time?
- Governance
- What aspects of governance have impacted the industrial revolutions in different countries?
- Race to the Bottom
- Arguments for
- Arguments against
- Intellectual property
- How did intellectual property rules help or hinder development?
- Invisible Hand
- How has it impacted free trade? How does it impact business school?
- Hukou (China)
- How has it impacted China's economic dominance? Adoption of technology?
- CAFTA
- What share do they have of importing cotton shirts into the US?
- What types of rules do they need to follow when importing into the US?
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