One thing I connected with this week was learning more about the opium war. I visited Hong Kong Stock Exchange and they have a whole museum about how China's economy became what it is today. One thing I noticed. China does not like to talk and mention that they sold Opium. And they especially don't like admitting how much they sold as well. The opium war was China's biggest … [Read more...] about Opium War
One thing I have learned from this chapter is how different cultures deal with different climates and geography. Maybe not learned, but gained a better understanding for how other countries can struggle. For example, looking at different underdeveloped countries that have less advanced technology are struggling. Like in Africa, there are some countries that still walk miles to … [Read more...] about History and Geography
Understanding protectionism is kind of new but I feel like this is common sense for countries. You are always going to want to put your country first. With protectionism, you are doing things to help benefit your country within. This could be with quotas and tariffs when exporting. A tariff is a tax imposed on goods entering the country. A quota is a limit on how many goods are … [Read more...] about Protectionism and Trade Barriers
This chapter is full of information regarding how our economy trades around the world. Learning about the World Trade Organization was interesting. They are composed of multiple organizations, not just one. These were formed through a compromise called GATT. GATT is known for putting restrictions on tariffs and quotas. After World War II, WTO was created to help create a better … [Read more...] about Learning about WTO
As I mentioned before, I recently studied away in Hong Kong and Singapore. My time there was amazing and it was the exact reason why I chose to take this class over seas. Now with our current pandemic, I feel to reminisce on some of the new experiences we may be missing out on. One thing I missed most about traveling to the new country is how that first step into the terminal … [Read more...] about My time over seas compared to Ch 1