Unit 1: Economics and Globalization

Lesson 2a: Economic Systems and Globalization

Assignments: Readings

Online - A Comparison of Command Economies and Market Economies - Globalization and Structural Adjustment: http://www.economist.com/news/leaders/21578665-nearly-1-billion-people-have-been-taken-out-extreme-poverty-20-years-world-should-aim/ - Venezuela and Government Control of Economy: https://foreignpolicy.com/2016/06/19/venezuela-maduro-food-shortages-price-controls-political-unrest/ - OPTIONAL - Cuba Examines Asian Model For Economic Reforms (NPR Morning Edition) - Lecture Outline Textbook: Chapter 2 ALL (19th Ch. 2 ALL) Ch. 2, p. 47, (19th, 42), "Last Word: Shuffling the Deck" Ch. 8, p. 186 (19th, 164), "Global Competition" Chapter 23W of the 16th edition of our textbook, pages 2-13, found on our Blackboard site State Ownership and Central Planning: pp. 23W-2 to 23W-3 Problems with Central Planning pp. 23W-3 to 23W-5 The Collapse of the Soviet Economy pp. 23W-5 to 23W-6 The Russian Transition to a Market System pp. 23W-6 to 23W-9 Market Reforms in China pp. 23W-10 to 23W-11 Outcome and Prospects pp. 23W-11 to 23W-13 Conclusion pp. 23W-13

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