Archive for the ‘Trade’ Category

What America Sells To The World   Leave a comment

What America Sells To The WorldLink: https://www.npr.org/sections/money/2018/02/01/582510662/what-america-sells-to-the-world

Summary: From imports to exports of goods and services, America’s exports are significantly varied. The top three categories of goods that the U.S. exports to other countries are refined oil products, airplanes, and cars. In this podcast, THE INDICATOR discusses the $2.2 trillion of exports the U.S. ships across the world each year.

Original Air Date: February 1, 2018

Length: 6 minutes 14 seconds

Obama, Trump, And Trade   Leave a comment

Obama, Trump, And TradeLink: https://www.npr.org/sections/money/2018/02/07/584032956/obama-trump-and-trade

Summary: THE INDICATOR discusses the Trump administration trade policy thus far regarding the tariffs on solar panels and washing machines that were implemented during Obama’s administration. How much of an impact do tariffs actually make on a country’s economy, if they do at all?

Original Air Date: February 7, 2018

Length: 5 minutes 18 seconds

 

North Korea’s Capitalists   Leave a comment

This photo taken on July 28, 2013 shows customers shopping at a supermarket in Pyongyang. Chinese yuan, US dollars, euros and tea bags. Money can come in many forms in North Korea, but as a foreign visitor you'll probably never even see a local banknote, let alone use one. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/Getty Images)Link: http://www.npr.org/sections/money/2017/10/13/557645729/episode-800-north-koreas-capitalists?utm_term=nprnews&utm_content=bufferffd48&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Summary: Learn about a little group in North Korea, called the ‘donju.’ The economic prosperity that they developed went on to support the country’s nuclear program and contributed to the growth of their economy. This was all made possible when Kim Jong Un began allowing consultants from overseas to educate  North Korean entrepreneurs on accounting, trade, and management. They did this without daring to actually call it a spread of capitalism, as North Korea still remains a strict socialist country.

Original Air Date: October 13, 2017

Length: 24 minutes 25 seconds

Discussion prompt (1): Having listened to this podcast, what type of economic system do you think North Korea has? What impact do you think this system has on people, businesses and the government. Use specific examples from the podcast to support your answer.

Discussion Prompt (2): The podcast points out that in N Korea’s economic system “the state technically owns everything.” How does this impact the ‘Donju’?  Think particularly how it impacts the incentives they face to start and grow a business (contributing to economic development).

Discussion Prompt (3): Why would entrepreneurship not be something typically observed in a Centrally Planned/Socialist country? How are the economic incentives of this system related to this lack of entrepreneurship? According to this podcast, how did the economic actions of the Donju contribute to economic growth in N. Korea?

 

Google is big. Is that bad?   Leave a comment

google bigLink: http://www.npr.org/sections/money/2017/08/04/541643346/episode-787-google-is-big-is-that-bad 

Summary: The Planet Money team focus on the recent European Commission decision that Google violated anti trust rules. They discuss the context of the seven year consideration of the question whether Google has too much power over the Internet. Includes consideration of how the question is viewed differently in the U.S. and how this specific case helps us think generally about issues of competition.

Original Air Date: August 4, 2017

Length: 16:42

 

 

Delicious Cake Futures   Leave a comment

ap_948883364526-138b1075ab392570cbb41a99fa639c639b34c0f7-s1600-c85.jfifLink: http://www.npr.org/sections/money/2016/01/06/462149561/episode-15-delicious-cake-futures

Summary: An elementary lunch room has more economics involved then one would think.  Snacks are the currency, and the trading is of the food.  In this story, Planet Money discusses how one kid developed a derivative for a cake, by trading for snacks now for a piece of the cake later.

Original Air Date: March 9, 2009

Length: 15 minutes 16 seconds

The Chicken Tax   Leave a comment

chickens-02064a2da3617b54ffee56246937a0b3ab259274-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax

Summary: Believe it or not, there is a chicken tax and it actually applies to automobiles! Back in the 20th century, Germany levied a tax on American chicken to protect their domestic farmers.  The US responded by taxing German made automobiles,  and thus a trade war began.  Planet Money discusses the value of tariffs, and why the chicken tax is still around.

Original Air Date: January 25, 2017

Length: 16 minutes 56 seconds

The Fine Print   Leave a comment

fine-print-2-71ae63c3d53fa5681bb995b77857273174e07eca-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/03/31/522226226/episode-762-the-fine-print

Summary: Everybody at one point in their life has heard the term “Got to read the fine print”.  But what does that actually mean? Planet Money tells stories about what happens when you read the fine print, and how you can make money from it.

Original Air Date: March 31, 2017

Length: 19 minutes 32 seconds