Contrast the economic experience of the high-growth Asian economies with the experience in Latin America, especially with regard to the 1980s and in terms of weathering financial crises.
What will be an ideal response?
Question 2 - What three critical factors or preconditions turned a national, U.S. problem into a global financial crisis in 2007? Be sure to address the role securitization played and how it affected regulators.
What will be an ideal response?
Question 3 - Suppose that the United States decided to subsidize a major competitive effort by the semiconductor industry to bring to market the next generation computer chip. Under the current rules of the WTO and GATT, the U.S. effort is
A) allowed as long as the subsidies are a small percent of the total cost.
B) allowed as long as the subsidies do not involve a direct payment to the industry.
C) not allowed.
D) allowed as long as the subsidies do not succeed in creating a new product.
Question 4 - Compare macroeconomic policies in the high-growth Asian economies with policies in the rest of the world.
What will be an ideal response?
Question 5 - How did the global supply of savings impact the formation of the housing bubble?
What will be an ideal response?
Question 6 - Suppose that the United States decided to subsidize a major research and development effort by U.S. firms in the semiconductor industry. Under the current rules of the WTO and GATT, the U.S. effort is
A) allowed as long as the subsidies are a small percent of the total cost.
B) allowed as long as the subsidies do not involve a direct payment to the industry.
C) not allowed.
D) allowed as long as the subsidies are for developing a precompetitive technology.
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