Feenstra and Taylor: International Trade
Chapter 1: Trade in the Global Economy
Icelandic volcano disemploys Kenyan ﬂower workers: How
many degrees of separation these days?
“Nations trade goods for many reasons...” Do nations trade
Is the trade balance truly immaterial? (Why might we think it is?)
If a country runs a trade surplus, where does the extra money
If value-added statistics are really what we need, are the ofﬁcial
trade statistics useful? (Check the WTO’s new value-added trade
If the U.S. were a confederation of 50 countries instead of a
union of 50 states, how would U.S. international trade compare
with European? What effect would Quebec separation have on
Canada and Quebec’s trade data?
Why does Asia trade so much? Can low wages explain why Asia
trades so much with Asia?
If Japan had natural resources, would it trade as much as it
How can a country’s exports exceed its GDP? Check Table 1-2: Which countries’ tr