Read Chapter 7, titled “Poor Countries in a Rich World”, pp. 135-158. Grasping the material will give you a basic understanding of the reasons for the huge gap between rich and poor nations, and how global trade has enabled some countries to develop their economies. It will also help you understand the current tensions over globalization. So the questions below aim to help you learn from it Write a paper in which you answer each of the following 12 questions. Your paper should be at least 1000 words and be a graduate level paper showing that that you have reflected on the chapter. 1. According to Rodrik, why is it better to be poor in a rich country than rich in a poor one? And what does this tell us about the global economy today? 2. “The country you are born in largely determines your life possibilities”, Rodrik writes. What do you think are some of the implications of this statement about today’s global economy today? 3. In two paragraphs (pp. 136-7) Rodrik summarizes how the “great divergence” between rich and poor countries came to be. Which of the facts would you use to describe this gap to a young teenager? 4. What five causes does Rodrik give for low productivity of workers in poor countries? 5. What does Globalization promise to do? And what does Rodrik think is the basic question in arguments about globalization. What is the “middle ground” which he recommends? (NB See pp. 13-15 for definition of “transaction costs” of trade) 6. Using 19th century history as an example, Rodrik shows the economic pluses and the minuses of globalization. Summarize his two arguments for and two against. 7. In what ways was Japan an exception to the rule of dominance of geographic and natural endowments in determining which countries benefitted and which ones lost in the 19th century globalization? 8. The argument about the role of governments in economic development is an ongoing one. The World Bank’s report on “The East Asian Miracle” illustrates that. Why does Rodrik say that the East Asian experience “offers something for everyone”? 9. What were the 10 strategies in the success of South Korea and Taiwan? What big picture lesson does Rodrik draw from this? 10. What have been the keys to China’s economic success, according to Rodrik? Why does he say the country “marched to its own drum”? 11. In the final section of the chapter, Rodrik writes of the importance of developing “social capabilities”. Why are these important to economic development and why are government policies and programs needed to foster them? How is their development related to globalization? 12. Reflecting on this chapter, what insights do you wish to take away from it?
Plugs: Any open notice, as a printed appear in a day by day paper, short film on TV, announcement on radio, et cetera., expected to offer stock, communicate an event, et cetera. Advancing: Philip Kotler [Professor of International Marketing at the Kellogg School of Management at Northwestern University] has described publicizing as "Advancing is any paid sort of non-singular presentation and progression of musings, stock and undertakings through wide correspondences, for instance, every day papers, magazines, TV or radio by a recognized help" "Publicizing is the non-singular correspondence of information ordinarily paid for and regularly compelling in nature about things, organizations or musings by recognized supporters through the diverse media."(Bovee, 1992, p. 7) Society: 1. a dealt with get-together of individuals related together for religious, kind, social, intelligent, political, vigorous, or diverse purposes. 2. a collection of individuals living as people from a gathering; gathering. Cerebrum science: The investigation of the human soul; especially, the precise or sensible learning of the powers and components of the human soul, so far as they are known by awareness; a treatise on the human soul. The science which analyzes the components of the mind, for instance, sensation, wisdom, memory, through, and, more completely, the direct of an animal in association with its condition Pantomime of traps: Repeating (or endeavoring to copy) the exercises of someone else, for instance, a gymnastic or perilous piece of action in a film, TV advancement, et cetera. Dietary issue: "Dietary issue" is the time when a man eats, or decays to eat, with a particular true objective to satisfy a spiritualist need and not a physical need. The individual doesn't tune in to genuine banners or possibly isn't even aware of them. A standard individual eats when ravenous and stops eating when the body needn't mess with extra, when he feels the banner of satisfaction. Temper tantrums: Temper tantrums are troublesome or vexatious practices or enthusiastic changes appeared in light of dismissed needs or needs. They may in like manner imply an inability to control emotions on account of frustration or inconvenience conveying a particular need or need. Care: data or perception of a subject, issue, or condition Off the cuff shopping/acquiring: Incorporates no aware masterminding yet a successful, relentless slant to buy something immediately Authenticity: The theory that physical issue is the principle reality and that everything, including thought, feeling, mind, and will, can be elucidated the extent that issue and physical wonders. The theory or aura that physical thriving and normal having a place constitute the best incredible and most important motivation for the duration of regular daily existence. A wonderful or unreasonable regard for normal concerns. Blackmail: Misleading deliberately sharpened with a view to grabbing an unlawful or out of line advantage; trickiness by which the benefit or excitement of another is hurt; harming stratagem; fraud; trap. [Not prepared to pass on everything ensured in the advancements is in like manner fraud] Haram: Blocked, unlawful. For the most part used as a piece of reference to exercises and furthermore foods. Haraam is that for which the individual who does it will be rebuked and the individual who avoids it will be adjusted, if the reason behind his limitation is following the denial of Allah Section 2: LITERATURE REVIEW Sandage (1972) filled in as a pioneer in advancing direction. He drove an investigation on some institutional parts of publicizing. Advancing has two sorts of responses: 1) that which is composed against the methodologies for solitary experts, and 2) that which holds that the whole publicizing process is neither socially or fiscally strong. In a general sense the overall population thinks about publicizing capable to prompt and influence people with respect to society concerning things, organizations and musings. It is assumed that publicizing controls clients to take after the will of the promoter. The positive side of publicizing is the learning of consumerism which infers it makes judgment regarding buyers in their acquiring sharpens. Advancing holds a thinking that customers are not by any extend of the creative energy able of settling on keen decisions and that they would be in a perfect circumstance accepting a couple the extent that anybody knows more smart individual or social occasion settled on all use decisions. Bijmolt, Claassen and Brus collaborated to pass on an examination on adolescents' understanding to T.V advancing. They assess children's understanding of TV publicizing that is their twisted to grasp advertisements. Children are watching more TV today than years earlier, and subsequently observing more promotions. Gatekeepers and other societal on-screen characters have a comprehensive stress that business, especially TV advancements influence starting times of life autonomous of it being normal or unintended. It is analyzed whether their age, sexual introduction, parental weight or some other point influences the cognizance of plugs. Brucks, Armstrong and Goldberg (1988) contemplated that understanding TV advertisements empowers adolescents to use mental protections, for instance, making counter conflicts. While looking children responses to TV see an examination testing revealed that children's sustenance choices especially in snacks rely upon first experience with TV notices. Luring systems are considered procedures used by marketing specialists to rouse purchasers to purchase. Youngsters have ended up being top clients in the present society, so marketing specialists have focused on getting their business. Teenagers can spend their money more energetically in light of the way that they don't have the obligations of adults. They even influence family spending, as their part in the spending of their people's money continues rising. For instance, it isn't amazing for a parent to send their young youngster to the grocery store for them, surrendering them add to control of thing choice. Consequently, youths are winding up colossal concentrations for marketing specialists in light of their creating consumerism. Why are youths such tremendous concentrations in the publicizing business? The proper reaction is immediate: They are extraordinary. Backers consider them to be a reliable changing age with hopeful perspectives. They have to exhibit autonomy by their articles of clothing and having a place, however fit in with their partners. Hyman, Tansey and Clark (1994) coordinated an examination on publicizing ethics as it has been, and continues being, a basic point in advancing exploration. Publicizing ethics impacts the demonstration of our lives, and besides the demonstration of business, in subtle and basic ways. It concerns everyone including the academicians, advancement office work constrain, marketing specialists, customers, media staff, and controllers, in one way or the other. Dennison (2008) guided an examination to see the piece of TV in youth weight. The examination in the examination showed that adolescent chubbiness has significantly duplicated in the last late years. Notwithstanding the way that there are various other multi-factorial purposes behind it to rise, TV seeing is one the main issue. Extended calorie ingestion, poorer dietary quality and decreased physical development are by and large eventual outcomes of remarkable TV seeing. Plugs, for instance, propelled publicizing of high fat, high sugar, unfortunate supports and beverages are logically being engaged to youngsters and youngsters. These ads have been seemed to influence youths' slants, requests, and at this very moment use of sustenance and refreshments. Foods, for instance, natural items, vegetables or dairy things are most radically opposed to be advanced. Gay (1992) separated the effects of 2 People see advertisements all around the globe that undertaking to entice customers to buy things. Notification are placed in day by day papers, magazines, schools, and on releases everywhere. As demonstrated by advancing specialists Stan Rapp and Tom Collins, on an average day, a man everything considered sees in excess of 5,000 advertisements for every day. Publicizing is basically anticipated that would reveal the benefits of things that purchasers wish for. It is significant to various associations, as some future unfit to make due without a strategy for making their things saw. In spite of the way that publicizing is reprimanded for influencing clients to buy things they needn't mess with, they have the choice to purchase. It is up to the customer to settle on sensible choices and make shopping aptitudes. Alexander and Hanson (1993) thought of various request which rise about these notification, for instance, "Is advancing deceiving? Does it make or spread speculations? Does it make comparability? Does it make delicacy remembering the ultimate objective to offer items? Does it influence people to buy things that they really needn't mess with?" Advertisers use specific methodologies to point adolescent purchasers, yet these systems are not persistently doing awesome or moral. Publicizing is giving the general gathering information about new stock and trying to update general arrangements, which extends the expertise of the nation's economy. It ought to be a basic strategy for getting the point transversely finished around a thing and make driving force for individuals to buy. Publicizing alone, regardless, does not get customers. It just gets clients' leeway, inspires them to walk around to a rack, and make an unwise buy. There are a couple of ways to deal with investigate customers' practices, preferences, and revulsions. Publicizing reveals the latest styles and the new surely understood peculiarities accessible. It shows finish individuals wearing the new styles and looking predominant. Clients watch this perfection and resent it. Thusly, they go out and buy with desires of accomplishing perfection. Plus, being a recognized individual from society has ended up being especially essential to for the most part individuals. For instance, the proximity of individual stench on individuals makes them an untouchable in the general population eye. Marketing experts use this knowledge.>GET ANSWER