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The Economics of Trade and Globalization

Start:	Wednesday, August 27, 2003
End:	Friday, August 29, 2003
Location:	B-339 Rayburn HOB

In recent years, the world has seen an increased mobility in people, products, and capital; countries have more interaction with one another than ever before. As the United States plays a larger role in the global economy, it becomes more important to understand the economics that drive trade and globalization.

Participation in this program will allow you to better address the following questions:

• How does trade create wealth? Who gains and who loses from international trade? Are poor nations and low-skilled workers getting their fair share?
• Do trade deficits threaten our standard of living? How do trade deficits affect different sectors of our economy?
• Does international trade benefit poor countries or exploit them? Should there be a level playing field in wages and environmental and safety regulations, and how might we achieve it?
• What are the economic fundamentals of the outsourcing debate? Is “outsourcing” the real problem – or is it symptomatic of more significant trends or problems in international trade? Who benefits and who is harmed by the movement of jobs between nations?

Course participants will leave with an appreciation for the economics that underlie trade policy, as well as a deeper understanding of what trade and globalization means for national economies, workers, and consumers. 

Schedule:

Session One: Wednesday, August 27
Labor, the Environment, and Multinational Corporations
Jack Powelson
Professor of Economics
University of Colorado

Session Two: Thursday, August 28
International Trade and Prosperity: Who Benefits?
Dr. Antony Davies
Assistant Professor of Economics
Duquesne University

Session Three: Friday, August 29
Trade, Labor, and Deficits
Dr. Russell Roberts
Professor of Economics
George Mason University 

Associated People

• Antony Davies
• Russell Roberts