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Single-spaced, 4 page summary. Please address the core issues including the belo

Single-spaced, 4 page summary. Please address the core issues including the below. Textbook: Carbaugh, Robert J. International Economics. 17th Edition Carbaugh Chap1
What’s the definition of Globalization according to the author? Good definition?
What are the factors driving globalization?
Explain the three waves of globalization
What does a “comparative advantage” mean?
Has the world been globalized in terms of labor flows?
What is “foreign outsourcing”?
Is “white-collar out-sourcing” problem for the nation?
Explain various Tables
Explain common fallacies of int’l trade.
Chap 2
Does trade influence unemployment rate?
What are the advantages and disadvantages of outsourcing?
Carbaugh Chap.4
What’s tariff?
What are “specific” tariff and “Ad Valorem” tariff
Often The U.S. blames the allegedly “high” tariffs in Japan for its difficulty to sell American goods in Japan. Does Japan (and China) have higher tariffs than the U.S.?
Pgs. 142-5. Explain presumed effects of tariffs and their validity.
Chap 5
What’s “quota”?
Explain Japanese “self-quota” and its impact.
What are “subsidies”?
What’s “dumping”?
What are “normal trade relations (formerly MFNs)?
What’s GATT?
What does the WTO do? Effective?
What’s Fast Track Authority?
What are the “escape clause” and “safeguards”?
What is the policy of “countervailing duties”?
What is the policy of “antidumping duties”?
Explain “Section 301”.
Explain “trade adjustment assistance.”
What is “strategic trade policy”?
Explain economic sanctions.

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