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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.

  1. 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?
  2. Moral failure
    • How does Tivoli use this term in her book?
    • What moral failures have been experienced in different countries throughout the cotton industry?
  3. Subsidies
    • What all are the types of subsidies that the US provides for cotton?
    • What about China?
  4. Great Divergence
    • Why did England start leaping ahead of China in production?
  5. Industrial Revolution
    • When did in England, the US, India, Japan, the Asian Tigers, and China first start their industrial revolution and why?
  6. Asian Tigers
    • How did they come to be known as the Asian Tigers? What fueled their development?
  7. Cotton mills
    • What countries spun the most cotton cloth from the 1700s to today? In what decades did dominance shift?
  8. Laborers
    • Who were the mill workers in each country?
    • Why did they want to work at the mills?
  9. Labor protections
    • What has been the history of mill worker labor protections in England, the US, India, Japan, the Asian Tigers, and China?
  10. Supply and demand
    • How has supply & demand impacted the cotton industry over time?
  11. Governance
    • What aspects of governance have impacted the industrial revolutions in different countries?
  12. Race to the Bottom
    • Arguments for
    • Arguments against
  13. Intellectual property
    • How did intellectual property rules help or hinder development?
  14. Invisible Hand
    • How has it impacted free trade? How does it impact business school?
  15. Hukou (China)
    • How has it impacted China's economic dominance? Adoption of technology?
  16. 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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